Sigma Labs Announces Full Year 2018 Financial Results

 

  
Sigma Labs, Inc. 
Condensed Statements of Operations   
(Unaudited) 
    
   Twelve Months Ended 
   December 31,
2018
  December 31,
2017
 
      
REVENUES$388,574  $641,049  
      
COST OF REVENUES 270,107   272,372  
      
  GROSS PROFIT (Loss)    118,467       368,677   
      
EXPENSES    
 Salaries & Benefits 2,056,584   1,509,672  
 Stock-Based Compensation 1,145,530   719,796  
 Operating & R&D Costs 493,410   302,043  
 Investor & Public Relations 633,035   554,990  
 Legal & Professional Services Fees 564,854   563,300  
 Office Expense 466,657   324,920  
 Depreciation & Amortization 192,374   196,943  
 Other Operating Expenses 134,827   95,989  
    Total Expenses    5,687,271       4,267,654   
  OPERATING INCOME (LOSS)    (5,568,804 )     (3,898,977 ) 
      
OTHER INCOME (EXPENSE)      
  Interest Income   35,178       40,107    
  State Incentives   -       154,568    
  Change in fair value of derivative liabilities   -       (186,908 )  
  Exchange Rate Gain (Loss)   162       -    
  Interest Expense   (3,966 )     (161,852 )  
  Loss on Disposal of Assets   (36,733 )     (13,161 )  
  Debt Discount Amortization   -       (358,280 )  
    Total Other Income (Loss)     (5,359 )       (525,526 )  
           
           
LOSS BEFORE PROVISION FOR INCOME TAXES     (5,574,163 )       (4,424,503 )  
           
Provision for income Taxes     -           -      
           
Net Loss $   (5,574,163 )   $   (4,424,503 )  
           
Preferred Dividends   (15,125 )     -    
           
Net Loss applicable to Common Stockholders $   (5,589,288 )   $   (4,424,503 )  
           
Net Loss per Common Share - Basic and Diluted $     (0.81 )   $     (1.00 )  
 
Weighted Average Number of Shares          
  Outstanding - Basic and Diluted   6,898,047       4,403,479    
 
         

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