Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 628,949 $ 727,908 $ 827,705 $ 2,463,032
Cost of revenue:        
Cost of revenue 254,716 460,590 407,491 1,651,609
Gross profit 374,233 267,318 420,214 811,423
Operating expenses:        
Payroll and related expenses 392,338 645,627 664,146 1,284,177
General and administrative expenses 766,750 506,664 1,258,064 839,664
Marketing and business development expense 30,899 84,216 63,237 131,575
Pre-project expenses 25,000 2,520 25,000 18,451
Total 1,214,987 1,239,027 2,010,447 2,273,867
Operating loss (840,754) (971,709) (1,590,233) (1,462,444)
Other income (expense):        
Interest expense (3,452) (6,263)
Interest income 6,233 11,096
Total 2,781 4,833
Loss before income taxes (837,973) (971,709) (1,585,400) (1,462,444)
Income tax expense
Net loss $ (837,973) $ (971,709) $ (1,585,400) $ (1,462,444)
Net loss per share - basic and diluted:        
Basic and diluted $ (0.16) $ (4.02) $ (0.48) $ (6.43)
Weighted average shares outstanding:        
Basic and diluted 5,369,132 241,881 3,278,913 227,602
Construction services        
Revenue:        
Revenue $ 534,526 $ 675,170 $ 623,867 $ 2,333,244
Cost of revenue:        
Cost of revenue 193,208 435,671 265,119 1,594,900
Engineering services        
Revenue:        
Revenue 94,423 52,738 203,838 129,788
Cost of revenue:        
Cost of revenue $ 61,508 $ 24,919 $ 142,372 $ 56,709