Financial Information

Income Statement

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net Sales $ 3,126,727 $ 2,037,636 $ 8,524,124 $ 6,139,551
Cost of Sales 680,081 534,727 2,013,265 1,329,881
Gross Profit 2,446,646 1,502,909 6,510,859 4,809,670
Operating expenses        
Compensation and related expenses 456,604 321,933 1,328,137 787,898
Professional fees 418,611 410,340 696,557 852,498
Marketing expenses 2,068,017 1,407,911 5,574,911 3,576,096
General and administrative expenses 477,120 301,174 1,281,494 855,620
Total operating expenses 3,420,352 2,441,358 8,881,099 6,072,112
Operating Loss (973,706) (938,449) (2,370,240) (1,262,442)
Interest (expense) (130,936) (147,664) (430,956) (205,192)
Loss from continuing operations before provision for income taxes (1,104,642) (1,086,113) (2,801,196) (1,467,634)
Income taxes (Benefit)
Income from discontinued operations, including gain on sale, net of income taxes 925,738
Net Income (Loss) (1,104,642) (1,086,113) (2,801,196) (541,896)
Net (loss) income attributable to noncontrolling interests (160,838) (37,318) (375,540) (66,160)
Net Income (loss) attributable to Conversion Labs, Inc. $ (943,804) $ (1,048,795) $ (2,425,656) $ (475,736)
Basic loss per share attributable to Conversion Labs, Inc. from continuing operation $ (0.02) $ (0.02) $ (0.06) $ (0.03)
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) (0.06) (0.03)
Diluted income per share attributable to Conversion Labs, Inc. from discontinued operation $ 0.02
Weighted Average number of common shares outstanding        
Basic 50,674,838.43 44,436,030.00 48,135,466.45 43,708,092.00
Diluted 50,674,838.43 44,436,030.00 48,135,466.45 43,708,092.00

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