v3.19.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
REVENUE $ 247 $ 20,563 $ 811 $ 61,472
COST OF REVENUE 150 20,458 617 60,372
GROSS PROFIT 97 105 194 1,100
OPERATING EXPENSES        
General and administrative 663 1,119 1,663 2,817
TOTAL OPERATING EXPENSES 663 1,119 1,663 2,817
OPERATING LOSS (566) (1,014) (1,469) (1,717)
OTHER INCOME (EXPENSE)        
Other income (expense), net (16) 13 2,523 (82)
Interest expense (2) (156) (71) (904)
Gain (loss) on derivative liability 5 56 30 483
Gain from Change in extinguishment of debt 99
Gain from Change in fair value of stock-based liabilities (113) 632 (133) 2,191
TOTAL OTHER INCOME (EXPENSE) (126) 545 2,349 1,787
NET INCOME (LOSS) BEFORE CONTROLLING INTEREST (692) (469) 880 70
NET INCOME ATTRIBUTILE TO NON-CONTROLLING INTEREST 3 (27) 19
NET LOSS ATTRIBUTILE TO NET INCOME (LOSS) ATTRIBUTILE TO CUENTAS INC. $ (692) $ (466) $ 853 $ 89
Net income (loss) per basic share $ (0.31) $ (0.39) $ 0.41 $ 0.06
Net income (loss) per diluted share $ (0.31) $ (0.39) $ 0.34 $ 0.05
Weighted average number of basic common shares outstanding 2,221,645 1,201,083 2,098,997 1,188,418
Weighted average number of diluted common shares outstanding 2,221,645 1,201,083 2,527,327 1,301,258

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