Consolidated Statements of Comprehensive Income (Loss) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
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Income Statement [Abstract] | ||||
Revenue | $ 5,121,019 | $ 2,606,670 | $ 13,090,643 | $ 5,879,514 |
Costs and expenses | ||||
Selling expenses | 3,126,025 | 1,087,112 | 9,037,176 | 3,401,572 |
General and administrative expenses | 1,441,290 | 973,025 | 3,932,468 | 2,620,973 |
Total Costs and Expenses | 4,567,315 | 2,060,137 | 12,969,644 | 6,022,545 |
Income (Loss) from Operations | 553,704 | 546,533 | 120,999 | (143,031) |
Other Expenses (Income) | ||||
Interest expense, net of interest income | 110,391 | 209,556 | 360,778 | 515,051 |
Changes in fair value of derivative liabilities | (108,750) | 77,095 | (245,445) | (291,121) |
Imputed interest on related party advances | 8,248 | 3,492 | 22,535 | 6,060 |
Impairment on investment | 186 | 6,758 | ||
Total Other Expenses (Income) | 10,075 | 290,143 | 144,626 | 229,990 |
Income (Loss) before income taxes | 543,629 | 256,390 | (23,627) | (373,021) |
Income taxes provision | 271,964 | 220,275 | 333,419 | 248,138 |
Net Income (Loss) | 271,665 | 36,115 | (357,046) | (621,159) |
Other Comprehensive Income (Loss) | ||||
Foreign currency translation adjustment | 43,259 | 4,814 | 6,666 | (5,463) |
Comprehensive Income (Loss) | $ 314,924 | $ 40,929 | $ (350,380) | $ (626,622) |
Net Income (Loss) per common share - basic | $ 0.01 | $ 0.00 | $ (0.01) | $ (0.02) |
Net Income (Loss) per common share - diluted | $ 0.01 | $ 0.00 | $ (0.01) | $ (0.02) |
Weighted average number of common shares outstanding basic | 37,009,295 | 30,362,394 | 37,009,295 | 26,298,527 |
Weighted average number of common shares outstanding diluted | 37,552,008 | 31,488,116 | 37,009,295 | 26,298,527 |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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