Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.19.2
Acquisition (Tables)
6 Months Ended
Jun. 30, 2019
Acquisition  
Schedule of consolidated income statement

The following represents the pro forma consolidated income statement as if the acquisitions had been included in the consolidated results of the Company for the three and six months ended June 30, 2018:

 

 

 

 

 

 

 

 

 

    

Three Months 

    

Six Months 

 

 

Ended June 30, 

 

Ended June 30, 

 

 

2018

 

2018

 

 

 

 

 

 

 

Revenues, net

 

$

4,813,048

 

$

10,193,542

Cost of revenues

 

 

3,335,255

 

 

6,562,426

Gross profit

 

 

1,477,793

 

 

3,631,116

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

Selling, general and administrative

 

 

2,687,326

 

 

6,417,283

Operating loss

 

 

(1,209,533)

 

 

(2,786,167)

 

 

 

 

 

 

 

Other (expense) income:

 

 

 

 

 

 

Other (expense) income

 

 

(317,959)

 

 

(419,072)

Loss before income taxes

 

 

(1,527,492)

 

 

(3,205,239)

Income tax expense

 

 

79,300

 

 

144,373

Net loss

 

$

(1,606,792)

 

$

(3,349,612)

Net loss attributable to noncontrolling interests

 

 

(251,277)

 

 

(280,890)

Net loss attributable to Edison Nation, Inc.

 

 

(1,355,515)

 

 

(3,068,722)

Net loss per share - basic and diluted

 

$

(0.27)

 

$

(0.68)

Weighted average number of common shares outstanding – basic and diluted

 

 

4,973,081

 

 

4,512,289