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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
NET REVENUE        
Sales $ 300,000 $ 101,000 $ 612,000 $ 268,000
COST OF SALES 114,000 19,000 183,000 49,000
GROSS PROFIT 186,000 82,000 429,000 219,000
OPERATING EXPENSES        
General and administrative (a) [1] 636,000 550,000 2,320,000 1,520,000
Legal and accounting 74,000 98,000 288,000 235,000
Corporate payroll expenses (a) [1] 194,000 117,000 621,000 436,000
Research and development 8,000 7,000 25,000 7,000
Sales and marketing (a) [1] 299,000 293,000 843,000 415,000
Total Operating expenses 1,211,000 1,065,000 4,097,000 2,613,000
LOSS BEFORE OTHER INCOME (EXPENSE) (1,025,000) (983,000) (3,668,000) (2,394,000)
OTHER INCOME (EXPENSE), NET        
Interest income (expenses), net 1,000 1,000 (2,054,000)
Fair value gain on equity investment 8,214,000 8,214,000
Loss on extinguishment of debt (280,000)
Payroll Protection Program Debt Forgiveness 70,000
Income tax expense (1,000) 0 (1,000) 0
TOTAL OTHER INCOME (EXPENSE), NET 8,214,000 8,284,000 (2,334,000)
NET INCOME/(LOSS) $ 7,189,000 $ (983,000) $ 4,616,000 $ (4,728,000)
EARNINGS/(LOSS) PER SHARE        
BASIC $ 0.99 $ (0.18) $ 0.65 $ (1.38)
DILUTED $ 0.95 $ (0.18) $ 0.63 $ (1.38)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING        
BASIC 7,290,975 5,488,111 7,078,046 3,436,805
DILUTED 7,570,985 5,488,111 7,335,268 3,436,805
[1] Includes share-based compensation of $372 thousand and $1,379 thousand for the three and nine months ended September 30, 2021, respectively, and $311 thousand and $1,000 thousand for the three and nine months ended September 30, 2020, respectively.