• Filing Date: 2017-11-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net revenues $ 1,069,706 $ 1,380,338 $ 2,216,061 $ 2,757,769
Cost of sales 355,938 636,231 812,483 1,096,158
Gross Profit 713,768 744,107 1,403,578 1,661,611
Operating expenses:        
Research and development 139,227 17,395 289,184 37,796
Selling, general and administrative 359,431 296,762 723,802 671,369
Depreciation and amortization 3,752 1,487 11,243 2,939
Total operating expenses 502,410 315,644 1,024,229 712,104
Income from operations 211,358 428,463 379,349 949,507
Other income (expense):        
Interest income 4,928 762 6,548 1,460
Interest and finance expenses (727) (331) (1,455) (843)
Total other income (expense) 4,201 431 5,093 617
Income before provision for income taxes 215,559 428,894 384,442 950,124
Provision for income taxes:        
Current 2,000 4,000
Deferred 79,000 154,000
Total provision for income taxes 81,000 158,000
Net income $ 134,559 $ 428,894 $ 226,442 $ 950,124
Basic and diluted earnings per common share: (in dollars per share) $ 0 $ 0.01 $ 0 $ 0.01
Weighted average shares of common stock outstanding - basic and diluted (in shares) 67,588,492 67,008,502 67,588,492 67,008,502