Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Condensed Consolidated Statements Of Operations    
Revenues (gross billings of $70.9 million and $40.2 million less worksite employee payroll cost of $60.4 million and $33.7 million, respectively) $ 10,519,990 $ 6,511,919
Cost of revenue 7,134,168 5,266,403
Gross profit 3,385,822 1,245,516
Operating expenses:    
Salaries, wages and payroll taxes 1,794,965 1,180,489
Stock-based compensation - general and administrative 77,222 70,296
Commissions 553,216 271,630
Professional fees 624,045 492,455
Software development 310,000 1,900,000
Depreciation and amortization 187,723 17,695
General and administrative 1,127,915 654,168
Total operating expenses 4,675,086 4,586,733
Operating Loss (1,289,264) (3,341,217)
Other Expense    
Interest expense (710,922)
Net Loss $ (2,000,186) $ (3,341,217)
Net loss per common share    
Basic and diluted $ (0.07) $ (0.12)
Weighted average number of common shares    
Basic and diluted 28,921,300 26,767,850