Sigma Labs Reports Second Quarter 2018 Financial Results

Condensed Statements of Operations
(Unaudited)


	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017

REVENUES	$	98,663		$	290,553		$	202,078		$	405,076

COST OF REVENUE		68,568			111,412			142,363			185,946

GROSS PROFIT		30,095			179,141			59,715			219,130

OPERATING EXPENSES:
Salaries & Benefits		426,049			346,994			824,706			785,204
Stock-Based Compensation		423,067			166,773			584,589			306,405
Operating R&D Costs		95,045			131,908			217,022			186,413
Investor & Public Relations		103,197			131,780			283,596			243,913
Legal & Professional Service Fees		177,929			189,856			316,352			289,494
Office Expenses		110,936			64,739			206,042			148,944
Depreciation & Amortization		48,253			45,503			95,574			91,651
Other Operating Expenses		38,035			30,681			71,760			62,692
Total Operating Expenses		1,422,511			1,108,234			2,599,641			2,114,717

LOSS FROM OPERATIONS		(1,392,416	)		(929,093	)		(2,539,926	)		(1,895,587	)

OTHER INCOME (EXPENSE)
Interest Income		3,719			12,598			17,086			12,941
State Incentives		-			-			-			152,068
Change in fair value of derivative liabilities		-			-			-			93,206
Exchange Rate Gain		1,304			-			1,304			-
Interest Expense		(1,411	)		(49,862	)		(1,411	)		(99,178	)
Debt discount amortization		-			(22,382	)		(36,733	)		(22,382	)
Loss on Disposal of Assets		-			-						(56,441	)
Total Other Income (Expense)		3,612			(59,646	)		(19,754	)		80,214

LOSS BEFORE PROVISION FOR INCOME TAXES		(1,388,804	)		(988,741	)		(2,559,680	)		(1,815,373	)

Provision for income Taxes		-			-			-			-

Net Loss	$	(1,388,804	)	$	(988,741	)	$	(2,559,680	)	$	(1,815,373	)


Net Loss per Common Share – Basic and Diluted	$	(0.25	)	$	(0.22	)	$	(0.48	)	$	(0.43	)

Weighted Average Number of Shares Outstanding – Basic and Diluted		5,572,015			4,570,199			5,286,362			4,207,116

Sigma Labs, Inc.

« Previous Page 1 | 2 | 3 | 4 Next Page »