Sigma Labs Announces Full Year 2018 Financial Results

 

  
Sigma Labs, Inc. 
Condensed Statements of Operations   
(Unaudited) 
    
   Twelve Months Ended 
   December 31,
2018
  December 31,
2017
 
      
REVENUES$388,574  $641,049  
      
COST OF REVENUES 270,107   272,372  
      
  GROSS PROFIT (Loss)    118,467       368,677   
      
EXPENSES    
 Salaries & Benefits 2,056,584   1,509,672  
 Stock-Based Compensation 1,145,530   719,796  
 Operating & R&D Costs 493,410   302,043  
 Investor & Public Relations 633,035   554,990  
 Legal & Professional Services Fees 564,854   563,300  
 Office Expense 466,657   324,920  
 Depreciation & Amortization 192,374   196,943  
 Other Operating Expenses 134,827   95,989  
    Total Expenses    5,687,271       4,267,654   
  OPERATING INCOME (LOSS)    (5,568,804 )     (3,898,977 ) 
      
OTHER INCOME (EXPENSE)      
  Interest Income   35,178       40,107    
  State Incentives   -       154,568    
  Change in fair value of derivative liabilities   -       (186,908 )  
  Exchange Rate Gain (Loss)   162       -    
  Interest Expense   (3,966 )     (161,852 )  
  Loss on Disposal of Assets   (36,733 )     (13,161 )  
  Debt Discount Amortization   -       (358,280 )  
    Total Other Income (Loss)     (5,359 )       (525,526 )  
           
           
LOSS BEFORE PROVISION FOR INCOME TAXES     (5,574,163 )       (4,424,503 )  
           
Provision for income Taxes     -           -      
           
Net Loss $   (5,574,163 )   $   (4,424,503 )  
           
Preferred Dividends   (15,125 )     -    
           
Net Loss applicable to Common Stockholders $   (5,589,288 )   $   (4,424,503 )  
           
Net Loss per Common Share - Basic and Diluted $     (0.81 )   $     (1.00 )  
 
Weighted Average Number of Shares          
  Outstanding - Basic and Diluted   6,898,047       4,403,479    
 
         

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »
Featured Video
Editorial
Jobs
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Equipment Engineer, Raxium for Google at Fremont, California
Principal Engineer for Autodesk at San Francisco, California
Upcoming Events
FABTECH Orlando 2024 at Orange County Convention Center Orlando FL - Oct 15 - 17, 2024
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise