OriginClear Inc (OCLN)

[subslover]

Obviously your correct. Progressive revs are taking a beating! Too bad.

ORIGINCLEAR, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016
(Unaudited)
 

 
 
Three Months Ended
 
 
 
March 31, 2017
 
 
March 31, 2016
 
 
 
 
 
 
 
 
Sales
 
$
672,129
 
 
$
1,467,750
 
 
 
 
 
 
 
 
 
 
Cost of Goods Sold
 
 
582,456
 
 
 
1,068,427
 
 
 
 
 
 
 
 
 
 
Gross Profit
 
 
89,673
 
 
 
399,323
 
 
 
 
 
 
 
 
 
 
Operating Expenses
 
 
 
 
 
 
 
 
Selling and marketing expenses
 
 
512,801
 
 
 
493,510
 
General and administrative expenses
 
 
624,530
 
 
 
686,846
 
Research and development
 
 
53,653
 
 
 
210,150
 
Depreciation and amortization expense
 
 
13,600
 
 
 
11,239
 
 
 
 
 
 
 
 
 
 
Total Operating Expenses
 
 
1,204,584
 
 
 
1,401,745
 
 
 
 
 
 
 
 
 
 
Loss from Operations
 
 
(1,114,911
)
 
 
(1,002,422
)
 
 
 
 
 
 
 
 
 
OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
Fair value of debt financing cost
 
 
-
 
 
 
(52,759
)
Gain on net change in derivative liability
 
 
1,072,096
 
 
 
2,599,198
 
Interest expense
 
 
(189,738
)
 
 
(202,016
)
 
 
 
 
 
 
 
 
 
TOTAL OTHER INCOME (EXPENSE)
 
 
882,358
 
 
 
2,344,423