Income Statement

v3.19.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue:    
Revenue $ 8,190,712 $ 5,061,585
Cost of revenue:    
Cost of revenue 7,647,979 4,427,778
Gross profit 542,733 633,807
Operating expenses:    
Payroll and related expenses 2,166,212 1,813,446
General and administrative expenses 2,760,655 1,753,236
Marketing and business development expense 387,400 271,092
Pre-project expenses 74,629 57,192
Total 5,388,896 3,894,966
Operating loss (4,846,163) (3,261,159)
Other income (expense):    
Interest expense (330,388)
Interest income 4 15
Other income 5,764 1,000
Loss on debt conversion (1,018,475)
Change in fair value of financial instruments 96,327
Loss from equity affiliates (3,626)
Total 2,142 (1,251,521)
Loss before income taxes (4,844,021) (4,512,680)
Income tax expense
Net loss $ (4,844,021) $ (4,512,680)
Net loss per share - basic and diluted:    
Basic and diluted $ (1.14) $ (1.95)
Weighted average shares outstanding:    
Basic and diluted 4,260,041 2,310,066
Blocks sales    
Revenue:    
Revenue $ 57,522
Cost of revenue:    
Cost of revenue 44,112
Construction services    
Revenue:    
Revenue 7,306,654 4,638,053
Cost of revenue:    
Cost of revenue 6,985,439 4,095,509
Engineering services    
Revenue:    
Revenue 826,536 423,532
Cost of revenue:    
Cost of revenue $ 618,428 $ 332,269

Source