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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUES    
Product sales $ 1,007,198 $ 1,011,477
EXPENSES    
Personnel 1,906,438 1,171,941
Cost of products sold (exclusive of direct and indirect overhead and handling costs) 75,493 105,026
Research and development 4,869,160 2,711,275
Repairs and maintenance 8,295 3,821
Professional fees 571,937 808,770
Office and other 845,624 354,102
Board of Directors fees and costs 109,473 95,431
Depreciation 5,681 10,124
Freight and shipping 5,885 5,643
Inventory valuation allowance 13,265 12,150
Total operating expenses 8,551,758 5,278,283
LOSS FROM OPERATIONS (7,544,560) (4,266,806)
OTHER INCOME    
Investment and other income 12,027 11,773
LOSS BEFORE INCOME TAXES (7,532,533) (4,255,033)
PROVISION FOR INCOME TAXES 0 0
NET LOSS $ (7,532,533) $ (4,255,033)
BASIC AND FULLY DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.07) $ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 108,191,753 81,756,839