v3.10.0.1

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 5,994,234	$ 5,177,199	$ 16,695,848	$ 14,539,809
Cost of goods sold	2,364,604	2,072,236	6,689,875	5,913,516
Gross profit	3,629,630	3,104,963	10,005,973	8,626,293
Operating expenses
Research and development	805,359	767,550	2,371,174	2,296,058
Selling and marketing	1,489,880	1,225,351	4,219,636	3,840,901
General and administrative	1,013,552	743,405	2,917,058	2,355,943
Non-recurring restructuring expense				580,425
Total operating expenses	3,308,791	2,736,306	9,507,868	9,073,327
Income (loss) from operations	320,839	368,657	498,105	(447,034)
Other income			316
Interest income	755	169	1,237	169
Income (loss) before income taxes	321,594	368,826	499,658	(446,865)
Income tax provision (benefit)	107,735	176,349	188,674	(80,036)
Net income (loss)	$ 213,859	$ 192,477	$ 310,984	$ (366,829)
Net income (loss) available to common shareholders per common share
Basic:	$ 0.02	$ 0.02	$ 0.03	$ (0.04)
Diluted:	$ 0.02	$ 0.02	$ 0.03	$ (0.04)
Weighted average number of common shares used in per share computations
Basic:	10,203,995	10,181,553	10,203,995	10,179,886
Diluted:	10,690,745	10,181,553	10,712,859	10,179,886

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

SIERRA MONITOR CORP /CA/ 10-Q