Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenues, net $ 5,968,255 $ 4,387,197 $ 11,706,789 $ 7,818,527
Cost of revenues 3,924,252 3,124,221 7,869,810 5,453,215
Gross profit 2,044,003 1,262,976 3,836,979 2,365,312
Operating expenses:        
Selling, general and administrative 3,392,596 1,658,438 6,441,784 4,211,175
Operating loss (1,348,593) (395,462) (2,604,805) (1,845,863)
Other (expense) income:        
Rental income 25,703 25,703 51,407 51,407
Interest expense (401,170) (277,602) (525,864) (365,137)
Total other (expense) income (375,467) (251,899) (474,457) (313,730)
Loss before income taxes (1,724,060) (647,361) (3,079,262) (2,159,593)
Income tax expense 51,005 79,300 74,200 144,373
Net loss (1,775,065) (726,661) (3,153,462) (2,303,966)
Net income attributable to noncontrolling interests (39,648) 0 17,245 0
Net loss attributable to Edison Nation, Inc. $ (1,735,417) $ (726,661) $ (3,170,707) $ (2,303,966)
Net loss per share - basic and diluted $ (0.30) $ (0.18) $ (0.55) $ (0.66)
Weighted average number of common shares outstanding - basic and diluted 5,702,693 3,932,084 5,682,150 3,468,617