Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues, net $ 6,880,026 $ 5,968,255 $ 10,547,136 $ 11,706,789
Cost of revenues 4,889,784 3,924,252 7,308,196 7,869,810
Gross profit 1,990,242 2,044,003 3,283,940 3,836,979
Operating expenses:        
Selling, general and administrative 2,770,930 3,392,596 6,963,643 6,441,784
Operating loss (780,688) (1,348,593) (3,724,703) (2,604,805)
Other (expense) income:        
Rental income 25,703 25,703 51,407 51,407
Interest expense (847,154) (401,170) (1,571,111) (525,864)
Gain on divestiture 4,911,760
Total other (expense) income (821,451) (375,467) 3,392,056 (474,457)
Loss before income taxes (1,602,139) (1,724,060) (332,647) (3,079,262)
Income tax expense 51,005 74,200
Net loss (1,602,139) (1,775,065) (332,647) (3,153,462)
Net income (loss) attributable to noncontrolling interests 22,241 (39,648) 22,241 17,245
Net loss attributable to Edison Nation, Inc. $ (1,624,380) $ (1,735,417) $ (354,888) $ (3,170,707)
Net loss per share:        
Net loss per share - basic and diluted $ (0.18) $ (0.30) $ (0.04) $ (0.55)
Weighted average number of common shares outstanding - basic and diluted 8,920,554 5,702,693 8,551,012 5,682,150