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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 641,141 $ 2,457,098 $ 3,765,835 $ 3,256,861
Cost of revenue 297,403 255,772 744,056 1,217,108
Gross profit 343,738 2,201,326 3,021,779 2,039,753
Operating expenses        
Sales and marketing 1,059,745 1,904,395 3,664,670 5,343,692
General and administrative 4,287,380 3,147,753 10,338,568 9,875,613
Research and development 4,880,315 5,788,789 16,172,684 16,783,892
Depreciation and amortization 351,235 296,340 1,020,143 917,596
Total operating expenses 10,578,675 11,137,277 31,196,065 32,920,793
Loss from operations (10,234,937) (8,935,951) (28,174,286) (30,881,040)
Other income, net        
Interest income 263,335 322,877 968,256 717,141
Realized gain on investments 293,067 425,446 595,302 1,254,718
Gain (loss) on disposition of assets 3,513 (2,578) 7,013 (2,578)
Gain (loss) on remeasurement of acquisition contingencies (11,927) 140,296 194,217 1,537,373
Gain (loss) on equity method investment in joint venture 12,683 (45,865) (132,775) 106,264
Total other income, net 560,671 840,176 1,632,013 3,612,918
Loss before income taxes (9,674,266) (8,095,775) (26,542,273) (27,268,122)
Income tax provision (benefit) 22,189 (2,113,581) 65,543 (6,611,712)
Net loss (9,696,455) (5,982,194) (26,607,816) (20,656,410)
Other comprehensive loss        
Change in net unrealized gains on marketable securities, net of tax 37,158 33,522 261,666 319,509
Total other comprehensive income 37,158 33,522 261,666 319,509
Comprehensive loss $ (9,659,297) $ (5,948,672) $ (26,346,150) $ (20,336,901)
Loss per common share:        
Basic $ (0.32) $ (0.20) $ (0.88) $ (0.70)
Diluted $ (0.32) $ (0.20) $ (0.88) $ (0.70)
Weighted average shares outstanding:        
Basic 30,494,206 29,361,300 30,155,167 29,306,572
Diluted 30,494,206 29,361,300 30,155,167 29,306,572
Product Revenue [Member]        
Total revenue $ 206,876 $ 136,533 $ 620,723 $ 936,296
Grant Revenue [Member]        
Total revenue $ 434,265 $ 2,320,565 $ 3,145,112 $ 2,320,565