Financial Information

Income Statement

v3.19.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]    
Net Sales $ 8,324,129 $ 3,681,827
Cost of Sales 1,969,061 1,017,876
Gross Profit 6,355,068 2,663,951
Operating expenses    
Compensation and related expenses 1,409,871 1,088,247
Professional fees 822,368 420,751
Marketing expenses 5,080,131 1,641,358
General and administrative expenses 1,098,838 741,950
Total operating expenses 8,411,208 3,892,306
Operating (Loss) (2,056,140) (1,228,355)
Change in fair value of derivative liability 502,830
Loss on extinguishment of debt (553,222)
Interest (expense) (354,388) (100,523)
Income from continuing operations before provision for income taxes (1,484,789) (1,379,270)
Income taxes (Benefit) 124,700
Income from discontinued operations, including gain on sale, net of income taxes 925,739 160,821
Net Income (Loss) (1,360,089) (1,218,449)
Net (loss) income attributable to noncontrolling interests (119,262) (12,488)
Net Income (loss) attributable to Conversion Labs, Inc. $ (1,240,827) $ (1,205,961)
Basic income (loss) per share attributable to Conversion Labs, Inc. $ (0.02) $ (0.03)
Diluted income (loss) per share attributable to Conversion Labs, Inc. $ (0.02) $ (0.03)
Average number of common shares outstanding    
Basic 44,187,375 41,738,101
Diluted 44,187,375 41,738,101

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