XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 3,677,575 $ 3,104,294 $ 7,545,501 $ 5,440,783
Cost of revenue 1,266,938 901,566 2,556,800 1,524,718
Gross profit 2,410,637 2,202,728 4,988,701 3,916,065
Operating expenses:        
Research and development 632,872 600,116 1,292,408 1,126,083
Selling, general and administrative 4,664,088 4,202,244 9,320,505 8,322,047
Total operating expenses 5,296,960 4,802,360 10,612,913 9,448,130
Loss from operations (2,886,323) (2,599,632) (5,624,212) (5,532,065)
Other (income) expense        
Other (income) expense, including interest income, net (4,174) 6,018 (3,384) 6,137
Loss on investment in minority interest 33,208   33,208  
Total other expense (income) 29,034 6,018 29,824 6,137
Loss before income taxes (2,915,357) (2,605,650) (5,654,036) (5,538,202)
Income tax expense (6,435) 15,665 69,820 43,907
Net loss $ (2,908,922) $ (2,621,315) $ (5,723,856) $ (5,582,109)
Weighted average number of common shares outstanding:        
Basic and diluted 6,923,799 5,639,524 6,904,966 5,416,708
Basic and diluted 6,923,799 5,639,524 6,904,966 5,416,708
Net loss per share attributable to common stockholders        
Basic and diluted $ (0.42) $ (0.46) $ (0.83) $ (1.03)
Basic and diluted $ (0.42) $ (0.46) $ (0.83) $ (1.03)
Product Revenue        
Revenue $ 3,677,575 $ 3,104,294 $ 6,545,501 $ 5,440,783
License Revenue        
Revenue $ 0   $ 1,000,000