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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Product sales $ 238,590 $ 209,594 $ 596,723 $ 535,328
EXPENSES        
Personnel 542,192 433,628 1,101,516 903,333
Cost of products sold (exclusive of direct and indirect overhead and handling costs) 30,158 12,947 64,754 39,380
Research and development 2,643,544 1,713,435 5,901,659 3,773,041
Repairs and maintenance 1,647 1,311 3,313 3,113
Professional fees 373,618 143,427 596,489 362,963
Office and other 241,739 79,823 555,513 258,185
Board of Director fees and costs 0 21,367 0 28,716
Depreciation 4,863 3,118 8,413 6,236
Freight and shipping 1,281 1,169 2,794 3,032
Bad debt expense 0 1,272 0 1,272
Total operating expenses 3,839,042 2,411,497 8,234,451 5,379,271
LOSS FROM OPERATIONS (3,600,452) (2,201,903) (7,637,728) (4,843,943)
OTHER INCOME        
Investment and other income 3,054 9,511 3,715 17,559
LOSS BEFORE INCOME TAXES (3,597,398) (2,192,392) (7,634,013) (4,826,384)
PROVISION FOR INCOME TAXES 0 0 0 0
NET LOSS $ (3,597,398) $ (2,192,392) $ (7,634,013) $ (4,826,384)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (56) $ (1.60) $ (1.31) $ (3.74)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 6,368,025 1,366,761 5,842,100 1,291,205