Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues, net $ 16,502,209 $ 14,960,450
Cost of revenues 11,425,619 11,017,625
Gross profit 5,076,590 3,942,825
Operating expenses:    
Selling, general and administrative 9,718,286 2,379,104
Operating (loss) income (4,641,696) 1,563,721
Other (expense) income:    
Rental income 102,815 102,815
Interest (expense) income (501,221) 0
Total other (expense) income (398,406) 106,815
(Loss) income before income taxes (5,040,102) 1,666,536
Income tax expense 303,915 133,105
Net (loss) income (5,344,017) 1,533,431
Net (loss) income attributable to noncontrolling interests (13,891) 0
Net (loss) income attributable to Edison Nation, Inc. $ (5,330,126) $ 1,533,431
Net (loss) income per share - basic and diluted $ (1.28) $ 0.51
Weighted average number of common shares outstanding – basic and diluted 4,157,054 3,000,000