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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Total revenue $ 8,707,310 $ 5,191,629
Cost of revenue 2,384,842 1,738,589
Gross margin 6,322,468 3,453,040
Other expenses:    
Research and development 1,965,286 2,418,633
Legal, financial and other consulting 519,002 561,516
Selling, general and administrative 6,316,934 4,758,084
Total expenses 8,801,222 7,738,233
Loss from operations (2,478,754) (4,285,193)
Other expense:    
Interest expense, net (305,537) (205,179)
Loss on foreign currency transactions (668,488) (393,455)
Total other expense, net (974,025) (598,634)
Loss before benefit from income taxes (3,452,779) (4,883,827)
Benefit from income taxes 0 0
Net loss attributable to common shareholders $ (3,452,779) $ (4,883,827)
Basic and diluted net loss per common share $ (0.10) $ (0.15)
Weighted average number of shares of common stock outstanding 33,981,262 31,931,215
Net loss $ (3,452,779) $ (4,883,827)
Other comprehensive income (loss):    
Currency translation adjustment 609,828 306,287
Comprehensive loss (2,842,951) (4,577,540)
Product    
Revenue:    
Total revenue 8,155,969 4,576,579
Cyto Sorb Sales    
Revenue:    
Total revenue 8,155,969 4,509,779
Other Sales    
Revenue:    
Total revenue 0 66,800
Grant    
Revenue:    
Total revenue $ 551,341 $ 615,050