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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues $ 1,494,313 $ 744,380 $ 3,878,552 $ 1,863,111
Cost of revenue 672,589 262,738 1,882,698 1,043,813
Gross profit 821,724 481,642 1,995,854 819,298
Operating expenses:        
Selling and marketing 625,789 363,951 1,813,345 980,834
Research and development 48,860 44,704 147,889 138,673
General and administrative 1,316,378 822,310 3,197,766 2,175,519
Amortization and depreciation 129,161 143,661 394,238 437,070
Total operating expenses 2,120,188 1,374,626 5,553,238 3,732,096
Operating loss (1,298,464) (892,984) (3,557,384) (2,912,798)
Other income (expense):        
Unrealized gain on derivative liabilities 0 1,086,044 0 131,855
Unrealized loss on marketable securities (1,680) 0 (30) 0
Interest income (expense), net (32,892) (9,639) (32,760) (57,759)
Total other (loss) income (34,572) 1,076,405 (32,790) 74,096
Net (loss) income (1,333,036) 183,421 (3,590,174) (2,838,702)
Dividends on Series A Convertible preferred stock (13,233) (20,000) (40,507) (60,000)
Net (loss) income available to common stockholders $ (1,346,269) $ 163,421 $ (3,630,681) $ (2,898,702)
Net (loss) income per common share-basic $ (0.19) $ 0.04 $ (0.54) $ (0.65)
Net (loss) income per common share-diluted $ (0.19) $ 0.03 $ (0.54) $ (0.65)
Weighted average common shares outstanding-basic 7,084,716 4,502,565 6,676,968 4,491,028
Weighted average common shares outstanding-diluted 7,084,716 5,027,691 6,676,968 4,491,028