Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.19.3
Acquisition (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2018:

 

 

 

 

 

 

 

 

 

    

Three Months 

    

Nine Months 

 

 

Ended September 30, 

 

Ended September 30, 

 

 

2018

 

2018

 

 

 

 

 

 

 

Revenues, net

 

$

6,547,012

 

$

16,740,554

Cost of revenues

 

 

4,426,614

 

 

10,989,040

Gross profit

 

 

2,120,398

 

 

5,741,514

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

Selling, general and administrative

 

 

3,810,146

 

 

10,227,429

Operating loss

 

 

(1,689,748)

 

 

(4,475,915)

 

 

 

 

 

 

 

Other (expense) income:

 

 

 

 

 

 

Other (expense) income

 

 

88,910

 

 

(330,162)

Loss before income taxes

 

 

(1,600,838)

 

 

(4,806,077)

Income tax expense

 

 

182,669

 

 

327,042

Net loss

 

$

(1,783,507)

 

$

(5,133,119)

Net loss attributable to noncontrolling interests

 

 

(89,527)

 

 

(370,417)

Net loss attributable to Edison Nation, Inc.

 

$

(1,693,979)

 

$

(4,762,701)

Net loss per share - basic and diluted

 

$

(0.31)

 

$

(0.98)

Weighted average number of common shares outstanding – basic and diluted

 

 

5,471,921

 

 

4,835,681