XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Revenues, net $ 1,997,936 $ 1,589,682
Cost of revenues    
Cost of revenues 1,406,847 1,099,160
Amortization of acquired technology 74,622 72,843
Total cost of revenues 1,481,469 1,172,003
Gross profit 516,467 417,679
Operating expenses:    
Salaries and related 559,631 154,308
General and administrative 333,250 332,363
Amortization of other acquired intangible assets 139,690 130,226
Operating expenses 1,032,571 616,897
Loss from operations (516,104) (199,218)
Other income (expense):    
Interest expense (964) (2,261)
Other income, net 0 6,895
Unrealized (gain) loss on stock price guarantee 8,498 (8,339)
Total other (expense), net 7,534 (3,705)
Loss before provision for income taxes (508,570) (202,923)
Provision for income taxes 800 450
Net loss (509,370) (203,373)
Preferred share redemption discount 63,244 0
Preferred dividends (6,228) (6,454)
Net loss available to common stockholders $ (452,354) $ (209,827)
Net loss per share – basic and diluted $ (.28) $ (.13)
Weighted average number of common shares outstanding - basic and diluted 1,630,580 1,648,960
Other comprehensive loss:    
Net loss $ (509,370) $ (203,373)
Foreign currency translation adjustments (372,157) (3,175)
Comprehensive loss $ (881,527) $ (206,548)