Consolidated Statement of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
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REVENUES | ||||
Sales | $ 1,906,998 | $ 813,408 | $ 3,448,597 | $ 1,408,859 |
Cost of sales | (1,337,093) | (551,347) | (2,386,993) | (938,524) |
Gross profit | 569,905 | 262,061 | 1,061,604 | 470,335 |
EXPENSES | ||||
Advertising and promotion | 21,518 | 6,553 | 26,803 | 18,514 |
Alarm and security | 672 | 602 | 2,114 | 1,154 |
Automobile expense | 12,735 | 3,744 | 16,155 | 5,675 |
Bad debt expense | 3,409 | 3,688 | ||
Bank service charges | 5,516 | 1,926 | 9,481 | 3,417 |
Cash (over) short | (984) | 807 | 315 | 660 |
Credit card fees | 12,726 | 6,777 | 23,513 | 11,434 |
Computer and internet expenses | 5,484 | 1,657 | 10,373 | 3,018 |
Depreciation expense | 11,121 | 2,890 | 21,023 | 5,140 |
Donations | 500 | |||
Dues and subscriptions | 99 | 99 | 45 | |
Insurance expense | 5,216 | 1,908 | 9,255 | 3,816 |
Interest expense | 1,113 | 1,665 | ||
Finance charges | 106 | 1,110 | 172 | 1,110 |
Janitorial expense | 135 | 611 | 162 | |
Licenses & permits | 1,935 | 266 | 4,680 | 323 |
Meals and entertainment | 12,454 | 5,628 | 19,515 | 9,604 |
Office supplies | 5,612 | 2,024 | 15,856 | 5,956 |
Stock compensation | 98,000 | 98,000 | ||
Stock option compensation | 86,333 | |||
Officer salary | 93,950 | 26,500 | 157,850 | 73,000 |
Salary and wages other | 201,259 | 87,315 | 392,779 | 159,828 |
Payroll tax and benefits | 27,125 | 11,254 | 53,127 | 24,172 |
Postage and delivery | 2,265 | 183 | 2,904 | 486 |
Accounting & audit fees | 19,000 | 10,480 | 35,000 | 15,820 |
Legal fees | 12,126 | 10,000 | 20,326 | 10,000 |
Commissions & other professional fees | 33,800 | 35,000 | ||
Rent expense | 68,833 | 21,000 | 128,792 | 38,900 |
Repairs and maintenance | 3,886 | 2,305 | 7,769 | 2,727 |
Supplies | 7,193 | 994 | 10,541 | 1,373 |
Telephone expense | 7,876 | 3,045 | 13,966 | 5,834 |
Training | 20 | 300 | 1,419 | 300 |
Travel expense | 26,660 | 13,308 | 49,601 | 18,901 |
Utilities | 12,726 | 6,316 | 24,906 | 14,261 |
Total expense | 713,586 | 228,892 | 1,284,131 | 435,630 |
Net ordinary income (loss) | (143,681) | 33,169 | (222,527) | 34,705 |
Other income (expense) | ||||
Other Income | ||||
Startup costs | (2,592) | (11,220) | ||
Net Income (Loss) before income taxes | (143,681) | 30,577 | (222,527) | 23,485 |
Federal income tax expense | ||||
State income tax expense | ||||
Income Tax Benefit | ||||
Net Income (Loss) | $ (143,681) | $ 30,577 | $ (222,527) | $ 23,485 |
Loss per common share | $ (0.015) | $ (0.008) | $ (0.020) | $ (0.008) |
X | ||||||||||
- Definition The amount of expenses related to alarm and security. No definition available.
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- Definition Amount of expenses related to automobile. No definition available.
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- Definition Amount of expense related to bank service charges. No definition available.
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- Definition The amount of cash over short. No definition available.
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- Definition The amount of expenses related to commissions and other professional fees. No definition available.
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- Definition The expenses related to computer and software. No definition available.
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- Definition Income earned from credit card services. No definition available.
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- Definition The expenses related to donations. No definition available.
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- Definition The expenses related to dues and subscriptions. No definition available.
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- Definition Amount of expenses related to finance charges. No definition available.
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- Definition The amount of janitorial expense. No definition available.
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- Definition The amount of expense related to office supplies. No definition available.
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- Definition The amount of costs relaed to startup costs. No definition available.
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- Definition The amount of expense related to telephone charges. No definition available.
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- Definition The amount of expense related to training. No definition available.
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- Definition The amount of expense related to travel. No definition available.
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Taxes and licenses incurred and are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. No definition available.
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- Definition Amount of current and deferred federal income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating maintenance revenues. Also includes cost of maintenance on client contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- References No definition available.
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- Definition Expenditures for salaries of officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense associated with postage. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Expenditures for salaries for officers and non-officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of state and local current and deferred income tax expense (benefit) attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense associated with supplies that were used during the current accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Utilities costs incurred during the reporting period for services, such as water, sewer, gas, electricity and telephone required to operate a building. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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