Financial Information

Income Statement

v3.19.2
Condensed Consolidated Statements 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]        
Net Sales $ 2,698,407 $ 2,037,636 $ 5,397,397 $ 3,644,127
Cost of Sales 655,211 534,727 1,333,184 890,180
Gross Profit 2,043,196 1,502,909 4,064,213 2,753,947
Operating expenses        
Compensation and related expenses 490,435 322,319 871,533 465,965
Professional fees 143,739 310,043 277,946 442,158
Marketing expenses 1,815,082 1,271,021 3,506,894 2,168,185
General and administrative expenses 427,105 197,019 804,374 554,446
Total operating expenses 2,876,361 2,100,402 5,460,747 3,630,754
Operating Loss (833,165) (597,493) (1,396,534) (876,807)
Interest (expense) (129,826) (51,078) (300,020) (57,528)
Loss from continuing operations before provision for income taxes (962,991) (648,571) (1,696,554) (934,335)
Income taxes (Benefit)
Income from discontinued operations, including gain on sale, net of income taxes 925,738
Net Income (Loss) (962,991) (648,571) (1,696,554) (8,597)
Net (loss) income attributable to noncontrolling interests (144,887) (41,539) (214,702) 12,697
Net Income (loss) attributable to Conversion Labs, Inc. $ (818,104) $ (607,032) $ (1,481,852) $ (21,294)
Basic loss per share attributable to Conversion Labs, Inc. from continuing operation $ (0.02) $ (0.02) $ (0.04) $ (0.02)
Basic income per share attributable to Conversion Labs, Inc. from discontinued operation 0.02
Diluted loss per share attributable to Conversion Labs, Inc. from continuing operation (0.02) (0.02) (0.04) (0.02)
Diluted income per share attributable to Conversion Labs, Inc. from discontinued operation $ 0.02
Weighted Average number of common shares outstanding        
Basic 46,882,305.00 43,168,337.73 46,844,735.94 43,338,090.62
Diluted 46,882,305.00 43,168,337.73 46,844,735.94 45,458,779.51

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