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Condensed Consolidated Statements of Net Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 182,784 $ 286,151 $ 477,727 $ 541,392
Cost of goods sold 85,261 118,390 177,918 192,106
Gross margin 97,523 167,761 299,809 349,286
General and administrative expense 3,211,817 3,310,368 6,040,293 4,808,314
Operations expense 521,116 1,271,258 1,069,869 1,737,824
Sales and marketing expense 133,015 685,029 397,424 1,239,245
Total operating loss (3,768,425) (5,098,894) (7,207,777) (7,436,097)
Gain on revaluation of cash advances to Helomics 1,222,244 1,222,244
Other income (52,965) 3,223 (52,968) (50,209)
Other expense (729,837) (607,343) (1,846,912) (1,157,711)
Gain (loss) on derivative instruments 422,081 211,940 394,974 231,348
Gain on notes receivables associated with asset purchase 1,290,000 1,290,000
Loss on equity method investment (439,637)
Gain on revaluation of equity method in investment 6,164,260 6,164,260
Net income (loss) (3,577,378) 1,465,104 (8,106,695) (1,828,080)
Deemed dividend on Series E Convertible Preferred Stock 20,398 20,398
Net income (loss) attributable to common shareholders per common shares-basic and diluted $ (3,577,378) $ 1,444,706 $ (8,106,695) $ (1,848,478)
Gain (loss) per common share basic (in dollars per share) $ (0.36) $ 0.49 $ (1.10) $ (0.81)
Gain (loss) per common share diluted (in dollars per share) $ (0.36) $ 0.24 $ (1.10) $ (0.81)
Weighted average shared used in computation - basic (in shares) [1] 9,838,152 2,960,937 7,362,240 2,274,754
Weighted average shared used in computation - diluted (in shares) 9,838,152 6,007,078 7,362,240 2,274,754
[1] Includes 1,390,166 contingently issuable shares related to prefunded warrants when outstanding during the six months ended June 30, 2020 and 122,000 abeyance shares during the six months ended June 30, 2020.