XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Systems $ 715,484 $ 1,597,537 $ 1,043,510 $ 3,644,871
Disposables, service and accessories 6,839,995 6,546,198 21,035,002 19,943,562
Total revenue 7,555,479 8,143,735 22,078,512 23,588,433
Cost of revenue:        
Systems 596,869 888,800 1,257,980 2,029,760
Disposables, service and accessories 1,036,589 1,032,569 3,029,875 3,350,480
Total cost of revenue 1,633,458 1,921,369 4,287,855 5,380,240
Gross margin 5,922,021 6,222,366 17,790,657 18,208,193
Operating expenses:        
Research and development 2,000,780 1,619,749 5,995,800 4,976,892
Sales and marketing 2,819,101 3,079,562 9,911,514 10,479,626
General and administrative 1,215,920 1,355,258 3,753,703 4,921,513
Total operating expenses 6,035,801 6,054,569 19,661,017 20,378,031
Operating income (loss) (113,780) 167,797 (1,870,360) (2,169,838)
Other income (expense) (4,459,042) 2,590,361 (1,029,479)
Interest expense (net) (2,515) (43,077) (33,271) (135,336)
Net income (loss) (116,295) (4,334,322) 686,730 (3,334,653)
Cumulative dividend on convertible preferred stock (361,447) (337,963) (1,072,553) (1,070,812)
Net loss attributable to common stockholders $ (477,742) $ (4,672,285) $ (385,823) $ (4,405,465)
Net loss per share attributable to common stockholders:        
Basic $ (0.01) $ (0.21) $ (0.01) $ (0.20)
Diluted $ (0.01) $ (0.21) $ (0.01) $ (0.20)
Weighted average number of common shares and equivalents:        
Basic 59,008,219 22,750,405 49,733,553 22,551,496
Diluted 59,008,219 22,750,405 49,733,553 22,551,496