Income Statement

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue $ 576,560 $ 184,526 $ 1,404,265 $ 2,647,558
Cost of revenue:        
Cost of revenue 381,954 366,783 789,445 2,018,392
Gross profit (loss) 194,606 (182,257) 614,820 629,166
Operating expenses:        
Payroll and related expenses 679,863 548,156 1,344,009 1,832,333
General and administrative expenses 980,773 478,726 2,238,837 1,318,390
Marketing and business development expense 46,650 63,016 109,887 194,591
Pre-project expenses 12,650 1,275 37,650 19,726
Total 1,719,936 1,091,173 3,730,383 3,365,040
Operating loss (1,525,330) (1,273,430) (3,115,563) (2,735,874)
Other income (expense):        
Loss on asset disposal (1,012) (52,039) (1,012) (52,039)
Interest expense (2,614) (8,877)
Interest income 27,401 38,497
Other income 23,282 23,282
Total 47,057 (52,039) 51,890 (52,039)
Loss before income taxes (1,478,273) (1,325,469) (3,063,673) (2,787,913)
Income tax expense
Net loss $ (1,478,273) $ (1,325,469) $ (3,063,673) $ (2,787,913)
Net loss per share - basic and diluted:        
Basic and diluted $ (0.17) $ (4.66) $ (0.60) $ (11.29)
Weighted average shares outstanding:        
Basic and diluted 8,596,189 284,737 5,070,816 246,927
Construction services        
Revenue:        
Revenue $ 494,330 $ 187,895 $ 1,118,197 $ 2,521,139
Cost of revenue:        
Cost of revenue 311,002 391,494 576,121 1,986,394
Engineering services        
Revenue:        
Revenue 82,230 (3,369) 286,068 126,419
Cost of revenue:        
Cost of revenue $ 70,952 $ (24,711) $ 213,324 $ 31,998

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