XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 1,994,011 $ 4,186,516 $ 4,511,983 $ 6,651,685
Cost of goods sold 513,857 649,220 1,064,599 1,121,560
Gross profit 1,480,154 3,537,296 3,447,384 5,530,125
Operating expenses:        
Selling, general and administrative 2,249,592 3,216,604 4,380,231 7,114,342
Gain on settlement with Vivus       (3,389,941)
Research and development expense 866,575 421,242 1,185,668 826,602
Depreciation and amortization expense 826,795 1,560,870 1,653,590 3,121,740
Total operating expenses 3,942,962 5,198,716 7,219,489 7,672,743
Loss from operations (2,462,808) (1,661,420) (3,772,105) (2,142,618)
Change in fair value of derivative liability       460,000
Interest income (52,924)   (119,241)  
Interest expense, promissory note (136,799) (150,372) (278,966) (303,398)
Net Income (loss) $ (2,546,683) $ (1,811,792) $ (3,931,830) $ (1,986,016)
Net Income (loss) per common share        
Basic (in dollars per share) $ (1.20) $ (0.88) $ (1.87) $ (0.96)
Diluted (in dollars per share) $ (1.20) $ (0.88) $ (1.87) $ (0.96)
Weighted average common shares outstanding        
Basic 2,117,581 2,068,472 2,103,220 2,068,472
Diluted 2,117,581 2,068,472 2,103,220 2,068,472