v3.4.0.3

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Power generation	$ 5,010	$ 184,075
Total revenues	$ 5,010	184,075
Cost of revenues
Depreciation		75,495
Direct operating costs	$ 5,024	52,227
Total cost of revenues	5,024	127,722
Gross profit (loss)	(14)	56,353
General and administrative expenses	277,557	919,671
Operating loss	(277,571)	(863,318)
Other expense
Interest expense	$ 131,177	333,474
Loss on derivative liability warrants		19,215
Total other expense	$ 131,177	352,689
Loss before provision for income taxes	$ (408,748)	(1,216,007)
Provision for income taxes		(1,233)
Net loss	$ (408,748)	(1,217,240)
Income attributable to noncontrolling interest in subsidiary		6,483
Net loss attributable to common stockholders	$ (408,748)	$ (1,223,723)
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	$ (0.07)	$ (0.23)
Weighted average shares outstanding, basic and diluted (in shares)	5,564,258	5,435,120

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Principal Solar, Inc. 10-Q