NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

The estimated useful lives of property and equipment are generally as follows:

	Years
Office furniture and fixtures		4
Computer equipment		4
Rental equipment		4
Appliques		10
Website development		2

	Conversion feature derivative liability
Balance at January 1, 2019		-
Derivative liability		65,000
Change in fair value included in earnings		36,925
Balance at March 31, 2019	$	101,925
Derivative Liability		(65,000	)
Change in fair value included in earnings		(36,925	)
Balance at June 30, 2019	$	-

The following are dilutive common stock equivalents during the period ended:

	June 30, 2019		June 30, 2018
Convertible preferred stock		27,589		2,214,729
Stock options		585,667		585,667
Stock warrants		60,000		60,000
Total		673,256		2,860,396

The following are the adjustment to the net income (loss) available to common stockholders during the period ended:

	Three Months Ended June 30, 2019			Three Months Ended June 30, 2018			Six Months Ended June 30, 2019			Six Months Ended June 30, 2018
Net loss	$	(387,624	)	$	(123,620	)	$	(695,247	)	$	(269,078	)
Preferred shares redemption adjustment	$	201,924		$	-		$	201,924		$	-
Net loss available to common shareholders	$	(185,700	)	$	-		$	(493,323	)	$	-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Weighted number of common shares outstanding – basic & diluted		1,549,377			936,519			1,153,282			733,865
Loss applicable to common shareholders per share	$	(0.12	)	$	(0.14	)	$	(0.43	)	$	(0.38	)