XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Systems $ 1,828,439 $ 935,978 $ 2,047,334 $ 3,010,997
Disposables, service and accessories 6,638,587 6,938,645 13,397,364 13,511,632
Total revenue 8,467,026 7,874,623 15,444,698 16,522,629
Cost of revenue:        
Systems 920,517 395,898 1,140,961 1,478,996
Disposables, service and accessories 1,281,729 699,173 2,317,911 1,796,888
Total cost of revenue 2,202,246 1,095,071 3,458,872 3,275,884
Gross margin 6,264,780 6,779,552 11,985,826 13,246,745
Operating expenses:        
Research and development 1,281,264 1,421,380 2,439,697 2,894,465
Sales and marketing 3,472,619 4,211,706 7,098,219 8,105,819
General and administrative 1,945,676 2,786,046 4,785,546 5,372,838
Total operating expenses 6,699,559 8,419,132 14,323,462 16,373,122
Operating loss (434,779) (1,639,580) (2,337,636) (3,126,377)
Other income 300,255 135,370 3,429,563 166,664
Interest income 1 140 9 362
Interest expense (42,776) (829,046) (92,267) (1,648,066)
Net income (loss) (177,299) (2,333,116) 999,669 (4,607,417)
Cumulative dividend on convertible preferred stock (369,661)   (732,849)  
Net income attributable to convertible preferred stock     (167,539)  
Earnings (net loss) attributable to common stockholders $ (546,960) $ (2,333,116) $ 99,281 $ (4,607,417)
Earnings (net loss) per common share:        
Basic $ (0.02) $ (0.11) $ 0.00 $ (0.21)
Diluted $ (0.02) $ (0.11) $ 0.00 $ (0.21)
Weighted average shares used in computing earnings (net loss) per common share:        
Basic 22,581,330 21,793,583 22,450,392 21,702,597
Diluted 22,581,330 21,793,583 22,458,479 21,702,597