Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues    
Product sales $ 26,050,032  
Equipment sales 794,206  
Demonstrations and consulting services 654,842  
Total revenues 27,499,080 $ 32,345,540
Costs and expenses:    
Cost of sales 19,016,932  
Selling, general and administrative expenses 8,471,096  
Total costs and expenses 27,488,028  
Operating profit 11,052  
Other income (expense)    
Interest expense (2,154,570)  
Letter of credit fees (219,333) (226,000)
Loss on debt restructuring (14,105,076)
Total other expense (2,373,903)  
Net loss before taxes (2,362,851)  
Income tax (expense) benefit (540,422) 472,669
Net loss $ (2,903,273) (15,617,571)
Continuing operations $ (0.03)  
Net loss per common share - basic and diluted: $ (0.03)  
Weighted average common shares outstanding 75,061,800  
(Restated) [Member]    
Revenues    
Product sales   28,920,051
Equipment sales   2,699,051
Demonstrations and consulting services   726,438
Total revenues   32,345,540
Costs and expenses:    
Cost of sales   23,030,404
Selling, general and administrative expenses   7,257,445
Total costs and expenses   30,287,849
Operating profit   2,057,691
Other income (expense)    
Interest expense   (3,816,855)
Letter of credit fees   (226,000)
Loss on debt restructuring   (14,105,076)
Total other expense   (18,147,931)
Net loss before taxes   (16,090,240)
Income tax (expense) benefit   472,669
Net loss   $ (15,617,571)
Continuing operations   $ (0.32)
Net loss per common share - basic and diluted:   $ (0.32)
Weighted average common shares outstanding   50,646,328