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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 648,220 $ 552,221 $ 2,677,940 $ 2,187,348
Operating expenses        
Research and development 1,139,369 1,286,300 4,069,335 3,821,117
General and administrative 1,560,706 1,743,636 4,901,136 5,365,221
Sales and marketing 376,955 361,310 1,142,755 1,117,380
Transaction costs 538,061 0 538,061 0
Impairment of right-of-use asset 0 0 520,759 0
Total operating expenses 4,073,648 3,782,419 12,446,261 11,689,341
Operating loss (3,425,428) (3,230,198) (9,768,321) (9,501,993)
Other (expense) income        
Other income (expense) 1,043 (93) (8,213) 5,210
Interest expense (49,099) (28,074) (142,672) (140,453)
Foreign currency transaction gains (losses) (8,954) 3,025 (9,426) (6,556)
Change in fair value of derivative financial instruments 0 (85) 67 8,070
Total other expense (57,010) (25,227) (160,244) (133,729)
Loss before income taxes (3,482,438) (3,255,425) (9,928,565) (9,635,722)
Provision for income taxes 0 0 0 0
Net loss (3,482,438) (3,255,425) (9,928,565) (9,635,722)
Net loss available to common stockholders [1] $ (3,482,438) $ (3,255,425) $ (9,928,565) $ (9,635,722)
Net loss per common share - basic and diluted [1] $ (3.95) $ (10.67) $ (13.32) $ (36.09)
Weighted average shares outstanding - basic and diluted [1] 882,280 305,187 745,471 266,997
Net loss $ (3,482,438) $ (3,255,425) $ (9,928,565) $ (9,635,722)
Other comprehensive gain foreign currency translation adjustment 7,298 1,528 5,174 7,062
Comprehensive loss (3,475,140) (3,253,897) (9,923,391) (9,628,660)
Product [Member]        
Revenue        
Total revenue 573,035 539,856 1,597,505 1,805,877
Operating expenses        
Cost of products and services 262,373 292,984 681,568 939,479
Laboratory Service Revenue [Member]        
Revenue        
Total revenue 185 12,365 5,435 22,155
Collaborations Revenue [Member]        
Revenue        
Total revenue 75,000 0 1,075,000 359,316
Service [Member]        
Operating expenses        
Cost of products and services $ 196,184 $ 98,189 $ 592,647 $ 446,144
[1] Reflects the 1-for-20 reverse stock split that became effective on August 29, 2019. Refer to Note 8 – Stockholders’ equity for further information.