Income Statement
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Revenue: | ||||
| Block sales | $ 42,799 | $ 42,799 | ||
| Construction services | 2,262,998 | 1,001,734 | 3,806,526 | 1,606,327 |
| Total | 2,305,797 | 1,001,734 | 3,849,325 | 1,606,327 |
| Cost of revenue: | ||||
| Block sales | 33,084 | 33,084 | ||
| Construction services | 2,241,141 | 855,947 | 3,621,071 | 1,307,311 |
| Total | 2,274,225 | 855,947 | 3,654,155 | 1,307,311 |
| Gross profit | 31,572 | 145,787 | 195,170 | 299,016 |
| Operating expenses: | ||||
| Payroll and related expenses | 572,612 | 292,550 | 978,029 | 635,598 |
| General and administrative expenses | 555,087 | 330,118 | 981,362 | 724,059 |
| Marketing and business development expense | 97,541 | 37,618 | 178,588 | 66,186 |
| Pre-project expenses | 45,000 | 7,508 | 49,964 | 16,647 |
| Total | 1,270,240 | 667,794 | 2,187,943 | 1,442,490 |
| Operating loss | (1,238,668) | (522,007) | (1,992,773) | (1,143,474) |
| Other income (expense): | ||||
| Interest expense | (165,194) | (330,388) | ||
| Interest income | 4 | 4 | 8 | |
| Other income | 5,764 | 5,764 | ||
| Loss on debt conversion | (1,018,475) | (1,018,475) | ||
| Change in fair value of financial instruments | 96,327 | |||
| Total | 5,764 | (1,183,665) | 5,768 | (1,252,528) |
| Net loss | $ (1,232,904) | $ (1,705,672) | $ (1,987,005) | $ (2,396,002) |
| Net loss per share - basic and diluted: | ||||
| Basic and diluted | $ (0.29) | $ (3.15) | $ (0.47) | $ (6.75) |
| Weighted average shares outstanding: | ||||
| Basic and diluted | 4,260,041 | 541,424 | 4,260,041 | 354,703 |
| X | ||||||||||
- Definition The aggregate revenue from building and real estate development, which may include improvements (such as drainage, utilities, grading and subdividing) to a parcel of land, and general contracting services during the reporting period. No definition available.
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- Definition Total costs related to services rendered by an entity during the reporting period. No definition available.
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- Definition Amount of loss debt conversion. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses related to the generation of investment income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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