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

 

 

   Three Months Ended September 30   Nine Months Ended September 30, 
   2020   2019   2020   2019 
Systems  $2,953,005   $1,696,964   $2,965,774   $1,755,015 
Disposables, service and accessories   5,504,048    6,258,252    16,099,915    19,515,125 
Sublease   246,530    246,532    739,590    739,593 
Total revenue  $8,703,583   $8,201,748   $19,805,279   $22,009,733 
Summary of Contract Assets and Liabilities

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

 

 

 

   September 30, 2020   December 31, 2019 
Contract Assets - unbilled receivables  $200,134   $168,445 
           
Customer deposits   162,240    - 
Product shipped, revenue deferred   929,458    674,324 
Deferred service and license fees   5,667,573    4,972,389 
Total deferred revenue   6,759,271    5,646,713 
Less: Long-term deferred revenue   (569,475)   (554,258)
Total current deferred revenue  $6,189,796   $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 September 30,   Nine Months Ended September 30, 
   2020   2019   2020   2019 
Net income (loss)  $(1,572,972)  $43,748   $(5,465,609)  $(3,506,790)
Cumulative dividend on convertible preferred stock   (343,101)   (360,647)   (1,028,950)   (1,071,351)
Net loss attributable to common stockholders  $(1,916,073)  $(316,899)  $(6,494,559)  $(4,578,141)
                     
Weighted average number of common shares and equivalents:   74,488,771    64,294,153    72,004,956    61,405,083 
Basic EPS  $(0.03)  $(0.00)  $(0.09)  $(0.07)
Diluted EPS  $(0.03)  $(0.00)  $(0.09)  $(0.07)