"Nine Month Period Ended September 30, 2018 Compared to Nine Month Period Ended September 30, 2017.
Our net income for the nine-month period ended September 30, 2018 was $1,093,005 compared to a net loss of ($149,248) during the nine-month period ended September 30, 2017 (an increase in net income of $1,242,253). We generated net revenues of $31,102 during the nine-month period ended September 30, 2018 compared to $27,245 during the nine-month period ended September 30, 2017 (an increase in net revenue of $3,857). Revenue is considered earned when service is provided and in addition when the product is shipped to the customer.
We have experienced an increase in sales of our services and products which resulted in increase revenues for the nine-month period ended September 30, 2018 compared to the nine-month period ended September 30, 2017. This increase is due to an increase in orders for the View Scan. We have licensed the View Scan to Ipvideo to whom we licensed our SecureScan product."
