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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Revenue Disaggregated by Type

 

   Three Months Ended June 30   Six Months Ended June 30, 
   2020   2019   2020   2019 
Systems  $12,769   $-   $12,769   $58,051 
Disposables, service and accessories   5,086,156    6,546,115    10,595,867    13,256,873 
Sublease   246,530    251,996    493,060    493,061 
Total revenue  $5,345,455   $6,798,111   $11,101,696   $13,807,985 
Summary of Contract Assets and Liabilities

 

The following information summarizes the Company’s contract assets and liabilities:

 

   June 30, 2020   December 31, 2019 
Contract Assets - Unbilled Receivables  $244,304   $168,445 
           
Customer deposits   597,000    - 
Product shipped, revenue deferred   645,200    674,324 
Deferred service and license fees   4,723,167    4,972,389 
Total deferred revenue   5,965,367    5,646,713 
Less: Long-term deferred revenue   (508,772)   (554,258)
Total current deferred revenue  $5,456,595   $5,092,455 
Schedule of Computation of Basic and Diluted Earnings Per Share

 

The following table sets forth the computation of basic and diluted EPS:

 

   2020   2019   2020   2019 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2020   2019   2020   2019 
Net loss  $(1,921,106)  $(1,427,718)  $(3,892,637)  $(3,550,538)
Cumulative dividend on convertible preferred stock   (342,126)   (357,194)   (685,849)   (710,704)
Net loss attributable to common stockholders  $(2,263,232)  $(1,784,912)  $(4,578,486)  $(4,261,242)
                     
Weighted average number of common shares and equivalents:   71,628,762    60,052,673    70,749,401    59,936,606 
Basic EPS  $(0.03)  $(0.03)  $(0.06)  $(0.07)
Diluted EPS  $(0.03)  $(0.03)  $(0.06)  $(0.07)