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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 10,546,612 $ 6,095,007 $ 29,048,825 $ 17,519,162
Cost of revenue 2,890,382 1,696,274 8,524,991 5,269,228
Gross margin 7,656,230 4,398,733 20,523,834 12,249,934
Other expenses:        
Research and development 1,753,455 3,185,105 6,124,780 8,533,342
Legal, financial and other consulting 580,067 733,297 1,944,930 1,886,851
Selling, general and administrative 7,282,357 6,107,877 20,190,193 15,372,476
Total expenses 9,615,879 10,026,279 28,259,903 25,792,669
Loss from operations (1,959,649) (5,627,546) (7,736,069) (13,542,735)
Other income/(expense):        
Interest expense, net (260,617) (301,972) (839,972) (721,703)
Gain (loss) on foreign currency transactions 1,380,537 (955,543) 1,416,577 (1,051,854)
Total other income (expense), net 1,119,920 (1,257,515) 576,605 (1,773,557)
Net loss before benefit from income taxes (839,729) (6,885,061) (7,159,464) (15,316,292)
Benefit from income taxes 0 0 0 0
Net loss attributable to common shareholders $ (839,729) $ (6,885,061) $ (7,159,464) $ (15,316,292)
Basic and diluted net loss per common share $ (0.02) $ (0.21) $ (0.19) $ (0.48)
Weighted average number of shares of common stock outstanding 41,593,218 32,365,700 37,350,564 32,189,430
Net loss $ (839,729) $ (6,885,061) $ (7,159,464) $ (15,316,292)
Other comprehensive income (loss):        
Currency translation adjustment (1,047,749) 811,763 (1,043,280) 868,243
Comprehensive loss (1,887,478) (6,073,298) (8,202,744) (14,448,049)
Product        
Revenue:        
Total revenue 10,245,642 5,728,463 27,921,940 16,155,459
Cyto Sorb Sales        
Revenue:        
Total revenue 10,245,642 5,648,463 27,852,940 16,008,659
Other Sales        
Revenue:        
Total revenue   80,000 69,000 146,800
Grant        
Revenue:        
Total revenue $ 300,970 $ 366,544 $ 1,126,885 $ 1,363,703