Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Operations (Unaudited)

v3.19.3
Consolidated Statement of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Sales $ 21,778,487 $ 8,406,255 $ 54,349,092 $ 19,939,572
Cost of sales 15,276,906 6,249,129 38,340,670 14,863,600
Gross profit 6,501,581 2,157,126 16,008,422 5,075,972
Operating expenses:        
Store operations 2,744,199 1,415,150 7,360,525 3,456,960
General and administrative 803,707 375,002 1,928,020 1,137,910
Share based compensation 553,492 367,098 1,075,735 920,446
Depreciation and amortization 247,715 114,159 538,847 230,070
Salaries and related expenses 1,020,627 460,928 2,449,733 1,187,738
Total operating expenses 5,369,740 2,732,337 13,352,860 6,933,124
Income (loss) from operations 1,131,841 (575,211) 2,655,562 (1,857,152)
Other income (expense):        
Interest expense (27,067) 4,795 (35,757) (14,535)
Interest income 60,973 23,584 95,256 53,211
Other income (loss) (1,838) (1,214) (17,635) 8,102
Amortization of debt discount (114,210) (236,527) (356,306) (858,624)
Total non-operating expense, net (82,142) (209,362) (314,442) (811,846)
Net income (loss) $ 1,049,699 $ (784,573) $ 2,341,120 $ (2,668,998)
Net income (loss) per shares, basic $ 0.03 $ (.03) $ 0.07 $ (0.12)
Net income (loss) per shares, diluted $ 0.03 $ (.03) $ 0.06 $ (.12)
Weighted average shares outstanding, basic 35,707,788 25,646,011 31,523,679 22,056,665
Weighted average shares outstanding, diluted 41,713,369 25,646,011 37,529,260 22,056,665