Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Operations and Comprehensive (Loss) Income (Unaudited)

v3.7.0.1
Condensed Consolidated Statement of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net sales $ 1,382,330 $ 1,295,264
Cost of sales 1,067,752 856,920
Gross profit 314,578 438,344
Operating expenses:    
Selling, general and administrative 155,254 184,775
Salaries, wages and payroll taxes 152,951 173,855
Professional fees 148,859 300,568
Depreciation and amortization 75,978 82,822
Total operating expenses 533,042 742,020
(Loss) before other expenses and income taxes (218,464) (303,676)
Other (income) expense    
Change in fair value of derivative instruments, net (1,114) (464,505)
Interest expense 218 75,878
Foreign currency exchange rate variance 1,694 25,005
Total other (income) expense 798 (363,622)
Net income (loss) (219,262) 59,946
Comprehensive Income:    
Net income (loss) (219,262) 59,946
Foreign currency translation adjustments 5,592 2,039
Comprehensive income (loss) $ (213,670) $ 61,985
Weighted average number of common shares outstanding- basic 62,203,378 20,714,532
Weighted average number of common shares outstanding- diluted 62,203,378 23,102,865
Basic net income (loss) per share $ (0.00) $ (0.00)
Diluted net income (loss) per share $ (0.00) $ (0.00)