Ok either your talking about another stock or your suffering with dementia.Or your totally senile. Net loss last Q (3,782,163)
Stock is down 90% since R/S.
ORIGINCLEAR, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2017 AND 2016
(Unaudited)
Three Months Ended Six Months Ended
June 30,
2017 June 30,
2016 June 30,
2017 June 30,
2016
Sales $ 510,325 $ 1,833,709 $ 1,182,454 $ 3,301,460
Cost of Goods Sold 499,222 1,256,977 1,081,678 2,325,403
Gross Profit 11,103 576,732 100,776 976,057
Operating Expenses
Selling and marketing expenses 1,112,437 622,561 1,625,238 1,116,070
General and administrative expenses 446,570 543,938 1,012,369 1,230,784
Research and development 28,990 130,624 82,643 340,775
Depreciation and amortization expense 12,945 11,331 26,545 22,570
Total Operating Expenses 1,600,942 1,308,454 2,746,795 2,710,199
Loss from Operations (1,589,839 ) (731,722 ) (2,646,019 ) (1,734,142 )
OTHER INCOME (EXPENSE)
Commitment fee (614,872 ) - (673,603 ) -
(Loss) gain on net change in derivative liability and conversion of debt (1,165,635 ) 3,227,435 (93,539 ) 5,773,874
Interest expense (179,264 ) (233,796 ) (369,002 ) (435,812 )
TOTAL OTHER INCOME (EXPENSE) (1,959,771 ) 2,993,639 (1,136,144 ) 5,338,062
NET (LOSS) INCOME $ (3,549,610 ) $ 2,261,917 $ (3,782,163 ) $ 3,603,920
BASIC AND DILUTED (LOSS) EARNING PER SHARE ATTRIBUTABLE TO SHAREHOLDERS’ $ (0.09 ) $ 0.01 $ (0.12 ) $ 0.01
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING,
BASIC AND DILUTED 37,190,563 9,513,675 31,172,291 8,431,157
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements
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