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Condensed Consolidated Statements of Net Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue $ 239,895 $ 314,568
Cost of goods sold 120,139 109,443
Gross margin 119,756 205,125
General and administrative expense 2,335,984 2,423,651
Operations expense 878,518 891,071
Sales and marketing expense 370,237 304,467
Total operating loss (3,464,983) (3,414,064)
Other income 42,228 42,430
Other expense 0 (989)
Gain on derivative instruments 953 1,908
Net loss $ (3,421,802) $ (3,370,715)
Net loss per common share - basic and diluted (in dollars per share) $ (0.86) $ (1.02)
Weighted average shares used in computation - basic and diluted (in shares) [1] 3,968,099 3,291,722
[1] The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive: Three Months Ended March 31, 2023 2022 Options 47,805 51,529 Restricted Stock Units 2,500 22,084 Warrants 1,812,379 1,583,063 Series B Convertible Preferred Stock 16 16