• Filing Date: 2018-08-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Net revenues $ 756,967 $ 1,146,355
Cost of sales 304,421 620,795
Gross profit 452,546 525,560
Operating expenses:    
Research and development 109,868 149,957
Selling, general and administrative 320,025 364,371
Depreciation and amortization 5,557 7,491
Total operating expenses 435,450 521,819
Income from operations 17,096 3,741
Other income (expense):    
Interest income 6,249 1,620
Interest expense (728) (728)
Total other income (expense) 5,521 892
Income before provision for income taxes 22,617 4,633
Provision for income taxes:    
Current 2,000
Total provision for income taxes 2,000
Net income $ 22,617 $ 2,633
Basic and diluted earnings per common share: (in dollars per share) $ 0 $ 0
Weighted average shares of common stock outstanding - basic (in shares) 67,588,504 67,588,504
Weighted average shares of common stock outstanding - diluted (in shares) 67,588,504 67,588,504