Quarterly report pursuant to Section 13 or 15(d)

Statement of Comprehensive (Loss) and Income (Unaudited)

v3.19.3
Statement of Comprehensive (Loss) and Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues        
Total revenue $ 5,338,869 $ 4,672,519 $ 9,100,164 $ 7,301,243
Cost of goods and services        
Cost of goods and services 2,786,244 459,280 5,471,369 1,213,194
Total cost of goods and services 2,786,244 459,280 5,471,369 1,213,194
Gross profit 2,552,625 4,213,239 3,628,795 6,088,049
Operating expenses        
Selling, general and administrative expenses 718,990 259,900 1,092,702 710,647
Professional services 837,940 177,103 3,602,772 657,694
Salaries, benefits and related expenses 980,432 568,451 1,862,990 1,340,724
Stock based compensation 940,870 837,500 3,166,276 837,500
Derivative expense - contingent compensation 0 0 5,400,559 0
Total operating expenses 3,478,232 1,842,954 15,125,299 3,546,565
Income from operations (925,607) 2,370,285 (11,496,504) 2,541,484
Other income (expense)        
Interest income (expense), net 36,462 (17,794) (155,815) 22,439
Other income (expense) 0 0 0 (4,316)
Unrealized gain (loss) on derivative liabilities (197,526) 0 (452,090) 0
Unrealized gain (loss) on investments (741,307) 2,598,110 (1,458,037) 2,598,110
Total other income (expense) (902,371) 2,580,316 (2,065,942) 2,616,233
Net income (loss) $ (1,827,978) $ 4,950,601 $ (13,562,446) $ 5,157,717
Earnings (loss) per share attributable to common shareholders:        
Basic and diluted earnings (loss) per share $ (0.05) $ 0.18 $ (0.44) $ 0.19
Weighted average number of shares outstanding - basic and diluted 35,115,889 27,578,310 31,136,392 27,578,310
Other comprehensive income (loss), net of tax        
Total other comprehensive income (loss), net of tax $ 0 $ 0 $ 0 $ 0
Comprehensive income (loss) (1,827,978) 4,950,601 (13,562,446) 5,157,717
Product sales, net [Member]        
Operating revenues        
Total revenue 2,147,182 239,085 4,743,391 797,381
Product sales - related party, net [Member]        
Operating revenues        
Total revenue 613,014 143,761 893,084 425,499
Consulting, licensing and Cultivation Max fees [Member]        
Operating revenues        
Total revenue 781,021 3,244,285 1,657,286 4,972,573
Litigation Revenue [Member]        
Operating revenues        
Total revenue 1,782,457 1,015,154 1,782,457 1,015,154
Other Operating Revenues [Member]        
Operating revenues        
Total revenue $ 15,195 $ 30,234 $ 23,946 $ 90,636