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US Nuclear Corp. Announces Second Quarter 2020 Results

US NUCLEAR CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)                                   Three Months Ended   Six Months Ended           June 30,    June 30,            2020   2019   2020   2019                         Sales     $                302,201 $              1,530,523 $                624,440 $              2,159,576 Cost of sales                  158,822                  744,590                  314,734                1,055,726 Gross profit                    143,379                  785,933                  309,706                1,103,850                         Operating expenses                   Selling, general and administrative expenses                  346,203                1,246,309                1,241,045                1,745,542     Total operating expenses                  346,203                1,246,309                1,241,045                1,745,542                         Loss from operations                 (202,824)                 (460,376)                 (931,339)                 (641,692)                         Other income (expense)                   Interest expense                   (12,151)                    (5,643)                   (25,546)                   (11,746)   Amortization of debt discount                   (74,897)                          –                   (242,387)                          –     Change in value of derivative liability                  146,997                          –                        9,835                          –     Equity loss in investment                    (2,242)                          –                      (3,049)                          –       Total other income (expense)                    57,707                    (5,643)                 (261,147)                   (11,746)                         Loss before provision for income taxes                 (145,117)                 (466,019)              (1,192,486)                 (653,438)                         Provision for income taxes                          –                            –                            –                            –                           Net loss   $               (145,117) $               (466,019) $            (1,192,486) $               (653,438)                                                 Weighted average shares outstanding – basic and diluted              21,647,837              17,542,030              21,103,582              17,288,219                         Loss per shares – basic and diluted $                    (0.01) $                    (0.03) $                    (0.06) $                    (0.04)

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