Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.3.1.900
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Net sales $ 3,950,601 $ 2,420,645
Cost of sales 2,838,521 1,739,388
Gross profit 1,112,080 681,257
Operating Expenses    
Selling, general and administrative 644,870 401,114
Salaries, wages and payroll taxes 582,226 $ 241,510
Stock-based compensation 1,072,500
Professional fees 505,762 $ 4,215
Depreciation and amortization 298,047 20,602
Total Operating Expenses 3,103,405 667,441
(Loss) Income from Operations (1,991,325) $ 13,816
Other Expense    
Interest expense 6,069
Foreign currency exchange rate variance 3,363 $ 7,325
Change in fair value of derivative instruments, net 63,454
Total Other Expense 72,886 $ 7,325
(Loss) income before provision for income taxes $ (2,064,211) $ 6,490
Provision for income taxes
Net (loss) income $ (2,064,211) $ 6,490
Comprehensive Income:    
Net (loss) income (2,064,211) 6,490
Foreign currency translation adjustments (11,414) (849)
Net (loss) income available to common stockholders $ (2,075,625) $ 5,641
Net (loss) income Per Share - Basic $ (0.26) $ 0
Net (loss) income Per Share - Diluted $ (.26) $ 0
Weighted average common shares outstanding    
Basic 7,994,119 2,540,000
Diluted 7,994,119 90,000,000