7Baggers
Quarterly
Annual
    Unit: USD2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-10-31 2011-01-01 2010-01-01 2010-01-01 2009-01-01 
      
    		                           
      net revenue:
    		                           
      product sales
    		5,648,000 6,594,000 5,189,000 4,409,801 6,956,861 6,970,312 4,542,026 2,379,510 2,218,343 2,031,157 2,177,290 1,691,491 1,882,129 1,019,520 224,463    282,154 118,087 113,784  445     
      service revenue
    		 56,000 100,000 163,890 189,462 155,648                      
      cooperative marketing revenue
    		102,000 91,000 71,000 176,290 233,074 183,636                      
      license revenue
    		5,000 107,000 3,000 3,263 582 2,577 2,578  2,500 7,500                  
      net revenue
    		5,755,000 6,848,000 5,363,000 4,753,244 7,379,979 7,312,173 4,544,604 2,379,510 2,220,843 2,038,657 2,177,290                 
      cost of product sales
    		2,215,000 2,356,000 1,778,000 585,163 1,536,792 1,338,950 864,095 519,194 480,076 408,579 440,476 368,810 331,227 262,934 120,123    134,384 51,299        
      gross profit
    		3,540,000 4,492,000 3,585,000             79,315.25 77,385 119,444   63,238 110,237      
      yoy
    		                22.37% 8.35%          
      qoq
    		-21.19% 25.30%              2.49% -35.21%    -42.63%       
      gross margin %
    		                           
      operating expense:
    		                           
      research and development
    		86,000 91,000 56,000 66,907 59,201 22,605 11,287 11,829 8,736 15,063 3,183 30,137 43,775 3,892     15,334 18,885 54,128 55,567 147,302     
      sales and marketing
    		2,878,000 2,858,000 2,595,000 3,111,797 5,263,533 5,528,886 3,301,784 1,983,842 1,626,630 1,555,736 1,687,351 1,363,879 1,972,155               
      general and administrative
    		2,274,000 2,724,000 2,435,000 2,352,648 2,023,030 1,919,301 1,696,021 966,928 1,321,001 1,182,235 1,704,663 1,858,215 1,779,048 1,195,087 1,323,233 829,001 731,221 901,968 1,092,826 993,951 1,006,382 1,285,590 3,532,837 5,070    
      total operating expense
    		5,238,000 5,673,000 5,086,000 1,791,515 8,882,556 8,809,742 5,873,187 3,481,793 3,436,443 3,161,613 3,835,673                 
      income from operations
    		-1,698,000 -1,181,000 -1,501,000 -1,363,271 -1,502,577 -1,497,569 -1,328,583 -1,102,283 -1,215,600 -1,122,956 -1,658,383 -1,929,550 -2,244,076 -442,393 -1,217,893 -1,510,686 -653,836 -782,524 -935,390 -621,048 -997,272 -1,230,920 -5,634,559 -5,070    
      yoy
    		13.01% -21.14% 12.98% 23.68% 23.61% 33.36% -19.89% -42.87% -45.83% 153.84% 36.17% 27.73% 243.22% -43.47% 30.20% 143.25% -34.44% -36.43% -83.40% 12149.47% 8162.40% 10098.18%      
      qoq
    		43.78% -21.32% 10.10% -9.27% 0.33% 12.72% 20.53% -9.32% 8.25% -32.29% -14.05% -14.02% 407.26% -63.68% -19.38% 131.05% -16.45% -16.34% 50.61% -37.73% -18.98% -78.15% 111035.29% -58.00%    
      operating margin %
    		                           
      other income:
    		                           
      interest expense
    		-538,000 -486,000 -490,000 -496,467 -381,663 -325,982 -241,888 -100,281 -104,276 -110,130 -557,479 -660,942 -3,727,168 -1,877,149 -396,435 -408,650 -473,360 -97,484 -136,627 -98,766 -88,343 -208,494 -144,023 -363    
      loss on extinguishment of debt
    		 -125,000  -292,289 -745,439 -38,587 -255,685 -305,891 -89,341  -304,828         -406,833     -12,070 -12,070  
      other income
    		 29,000  -13,665 290 266 109 -1,256 -4,800 -206 -616 -194,971 194,744 111 1,765             
      fair value adjustment for contingent consideration
    		 4,000 2,000 5,750 179,451 21,644 -2,845 -1,425 69,305 98,979 27,175              0.00% 0.00%  
      total other income
    		-538,000 -578,000 -488,000 -796,671 -947,361 -342,659 -500,309 -393,311 -113,057 -7,894 -887,404 -1,428,083 -2,181,736 -3,917,947 -337,076        -144,023     
      net income
    		-2,236,000 -1,759,000 -1,989,000 -2,159,942 -2,449,938 -1,840,228 -1,828,892 -1,495,594 -1,328,657 -1,134,050 -2,545,787 -3,360,033 -4,425,812 -4,360,340 -1,554,969 -977,850 -858,747 -864,273 -1,175,291 -1,126,647 -1,085,615 -1,439,414 -5,778,582 -5,433    
      yoy
    		-8.73% -4.41% 8.75% 44.42% 84.39% 62.27% -28.16% -55.49% -69.98% -73.99% 63.72% 243.61% 415.38% 404.51% 32.31% -13.21% -20.90% -39.96% -79.66% 20637.11% 8894.32% 11825.55%      
      qoq
    		27.12% -11.56% -7.91% -11.84% 33.13% 0.62% 22.29% 12.56% 17.16% -55.45% -24.23% -24.08% 1.50% 180.41% 59.02% 13.87% -0.64% -26.46% 4.32% 3.78% -24.58% -75.09% 106260.80% -54.99%    
      net income margin %
    		                           
      net income per share
    		-0.81 -0.66 -0.81 -4.13 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.02 -0.03 -0.04 -0.05 -0.02             
      weighted-average number of shares of common stock outstanding – basic and diluted
    		2,759,771 2,660,435 2,445,471 1,989,134 214,527,261 205,106,912 186,933,622 157,933,458 161,587,934 159,997,395 135,099,173   85,395,846 68,373,226 52,517,530            
      change in fair value of derivative liabilities
    		       15,542 16,055 3,463 -51,656 697,687 1,350,688 -2,040,909 57,594             
      benefit from income taxes
    		         3,200                  
      income before benefit from income taxes
    		       -1,495,594 -1,328,657 -1,130,850                  
      other income and
    		                        -12,070 -12,070  
      net revenues:
    		                           
      license revenues
    		           250   1,000          0.00% 0.00%  
      net revenues
    		           781,778 1,882,129 1,019,520 225,463 175,648 179,744 183,473          
      operating expenses:
    		                           
      total operating expenses
    		           1,757,868.5 4,126,205 1,461,913 1,443,356 1,929,142 731,221 901,968 1,242,544 1,064,135 1,060,510 1,341,157 5,635,004 5,070    
      weighted-average number of shares of common stock outstanding –   basic and diluted
    		            104,972,645               
      cost of goods sold
    		               60,702 102,359    50,546 55,851      
      operating expenses
    		                           
      change in fair value of derivative liability
    		               79,094.5 268,449 15,735          
      basic loss and diluted loss per share
    		               -0.015 -0.02 -0.02 -0.05 -0.05 -0.05   0    
      weighted-average number of shares outstanding – basic and diluted
    		                55,076,819 40,816,767          
      cost of goods cold
    		                 64,029          
      see accompanying notes to these condensed consolidated financial statements.
    		                           
      licensing revenues
    		                  25,000 325,000     12,070 12,070  
      revenues
    		                  180,739.75 443,087 113,784 166,088      
      weighted-average number of shares outstanding - basic and diluted
    		                   24,383,486 23,807,965       
      basic loss and diluted
    		                           
      loss per share
    		                     -0.06      
      weighted-average
    		                           
      number of shares
    		                           
      outstanding- basic and diluted
    		                     22,540,119      
      total revenues
    		                      445     
      investment banking fees
    		                      1,954,865     
      weighted-average number of shares outstanding
    		                       13,251,250    
      other incomes
    		                           
      total other incomes
    		                       -363    
      discontinued operations
    		                        0 0  
      income before income taxes
    		                       -5,433    
      general and
    		                           
      administrative
    		                           
      outstanding
    		                           
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.