Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Operations (Unaudited)

v3.19.2
Consolidated Statement of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Sales $ 19,483,383 $ 7,152,299 $ 32,570,605 $ 11,534,558
Cost of sales 13,663,173 5,423,069 23,063,764 8,614,719
Gross profit 5,820,210 1,729,230 9,506,841 2,919,839
Operating expenses:        
Store operations 2,734,788 1,148,952 4,616,326 2,029,848
General and administrative 549,129 399,130 1,124,313 762,873
Share based compensation 390,898 337,148 522,243 553,348
Depreciation and amortization 150,842 70,899 291,132 126,994
Salaries and related expenses 820,842 395,078 1,429,106 726,810
Total operating expenses 4,646,499 2,351,207 7,983,120 4,199,873
Income (loss) from operations 1,173,711 (621,977) 1,523,721 (1,280,034)
Other income (expense):        
Interest expense (3,161) (11,312) (8,690) (19,330)
Interest income 15,433 14,038 34,283 29,627
Other income (loss) (6,833) (5,866) (15,797) 8,444
Amortization of debt discount (117,150) (304,842) (242,096) (622,096)
Total non-operating expense, net (111,711) (307,982) (232,300) (603,355)
Net income (loss) $ 1,062,000 $ (929,959) $ 1,291,421 $ (1,883,389)
Net income (loss) per shares, basic $ 0.04 $ (0.04) $ 0.04 $ (0.09)
Net income (loss) per shares, diluted $ 0.03 $ (0.04) $ 0.04 $ (0.09)
Weighted average shares outstanding, basic 30,326,304 21,901,093 29,389,636 20,230,146
Weighted average shares outstanding, diluted 36,311,850 21,901,093 35,375,182 20,230,146