XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues [Abstract]        
REVENUES $ 1,452,900 $ 1,257,928 $ 3,058,146 $ 2,353,151
COST OF GOODS SOLD 164,320 210,232 338,022 400,875
GROSS PROFIT 1,288,580 1,047,696 2,720,124 1,952,276
OPERATING EXPENSES        
Selling, general and administrative expense 1,146,238 1,117,201 2,496,300 1,863,602
Other administrative expenses 0 818,665 0 818,665
Depreciation and amortization 20,816 15,165 40,929 30,319
Bad debt expense 2,805 468 5,915 4,627
Total operating expenses 1,169,859 1,951,499 2,543,144 2,717,213
Operating income 118,721 (903,803) 176,980 (764,937)
OTHER INCOME (EXPENSES):        
Change in fair value of derivative liability 172 53 38 87
Other income 24 0 51 0
Debt Forgiveness 10,937 22,944 50,646 22,944
Interest Expense (50,811) (41,631) (95,614) (90,256)
Total other income (expense) (39,678) (18,634) (44,879) (67,225)
Net income / (loss) 79,043 (922,437) 132,101 (832,162)
Series C preferred stock dividends (44,868) (65,135) (57,804) (138,403)
Net income / (loss) available to common stockholders $ 34,175 $ (987,572) $ 74,297 $ (970,565)
Basic income per share of common stock $ 0 $ (0.01) $ 0 $ (0.01)
Diluted income per share of common stock $ 0 $ (0.01) $ 0 $ (0.01)
Weighted average number of common shares outstanding, basic 110,536,298 108,530,751 110,217,342 108,397,112
Weighted average number of common shares outstanding, diluted 111,866,339 108,530,751 208,546,177 108,397,112