Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.19.1
Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues, Net of Allowances    
Total Revenues, Net of Allowances $ 5,022,471 $ 3,928,125
Cost of Goods Sold    
Total Cost of Goods Sold 3,844,757 2,962,691
Gross Profit 1,177,714 965,434
Operating Expenses    
Selling, general and administrative 2,729,542 1,329,065
Research and development 463,595 385,417
Total Operating Expenses 3,193,137 1,714,482
Operating Loss (2,015,423) (749,048)
Other Income (Expense)    
Change in fair value of warrant derivative 2,597,899
Interest expense (82,263) (663,638)
Total Other Income (Expense) 2,515,636 (663,638)
Net Income (Loss) Before Income Tax 500,213 (1,412,686)
Income tax
Net Income (Loss) $ 500,213 $ (1,412,686)
Basic and Diluted Net Loss Per Share Attributed to Common Stockholders (Note 2):    
Basic net loss per common share $ (0.14) $ (0.38)
Basic weighted average common shares outstanding 11,693,381 3,679,500
Diluted Net Loss per Common Share $ (0.25) $ (0.38)
Diluted weighted average common shares outstanding 16,718,998 3,679,500
Metal Goods [Member]    
Revenues, Net of Allowances    
Total Revenues, Net of Allowances $ 1,641,272 $ 2,101,980
Cost of Goods Sold    
Total Cost of Goods Sold 1,293,671 1,628,577
Soft Goods [Member]    
Revenues, Net of Allowances    
Total Revenues, Net of Allowances 3,381,199 1,826,145
Cost of Goods Sold    
Total Cost of Goods Sold $ 2,551,086 $ 1,334,114