Financial Information

Income Statement

v3.19.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net Sales $ 2,698,990 $ 1,606,491
Cost of Sales 677,973 355,453
Gross Profit 2,021,017 1,251,038
Operating expenses    
Compensation and related expenses 381,098 143,646
Professional fees 134,207 132,115
Marketing expenses 1,691,812 897,164
General and administrative expenses 377,269 357,427
Total operating expenses 2,584,386 1,530,352
Operating Loss (563,369) (279,314)
Interest (expense) (170,194) (6,450)
Loss from continuing operations before provision for income taxes (731,764) (285,764)
Income from discontinued operations, including gain on sale, net of income taxes 925,738
Net Income (Loss) (733,563) 639,974
Net Income (loss) attributable to noncontrolling interests (69,816) 12,697
Net Income (loss) attributable to Conversion Labs, Inc. $ (663,747) $ 627,277
Basic loss per share attributable to Conversion Labs, Inc. from continuing operations $ (0.02) $ (0.01)
Basic income per share attributable to Conversion Labs, Inc. from discontinued operations 0.02
Diluted loss per share attributable to Conversion Labs, Inc. from continuing operations (0.02) (0.01)
Diluted income per share attributable to Conversion Labs, Inc. from discontinued operations $ 0.02
Weighted Average number of common shares outstanding    
Basic 46,806,749.44 43,509,729.67
Diluted 46,806,749.44 46,239,429.67

Source