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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue $ 3,499,612 $ 3,999,389 $ 6,679,799 $ 8,492,367
Cost of revenue:        
Total cost of revenue 396,226 1,292,901 943,606 1,943,060
Gross profit 3,103,386 2,706,488 5,736,193 6,549,307
Operating expenses:        
Research and development costs 534,000 764,276 1,208,924 1,720,847
Selling and marketing 1,019,940 1,296,909 2,001,131 2,369,347
General and administrative 845,581 1,397,886 1,938,750 2,826,085
Restructuring costs 153,685 202,679 441,145 360,372
Total operating expenses 2,553,206 3,661,750 5,589,950 7,276,651
Operating income (loss) 550,180 (955,262) 146,243 (727,344)
Interest and other expense (180,249) (80,217) (426,088) (345,456)
Income (loss) before income taxes 369,931 (1,035,479) (279,845) (1,072,800)
Income tax expense (benefit) (36,627) 136,244 33,437 223,830
Net income (loss) 406,558 (1,171,723) (313,282) (1,296,630)
Less: Accrual of Series A redeemable convertible preferred stock dividends 260,595 256,553 546,355 503,580
Less: Accretion to redemption value of Series A redeemable convertible preferred stock 165,141 134,223 191,231 263,462
Net income (loss) attributable to common stockholders $ (19,178) $ (1,562,499) $ (1,050,868) $ (2,063,672)
Basic net loss per share attributable to common stockholders (in dollars per share) $ 0.00 $ (0.27) $ (0.18) $ (0.35)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ 0.00 $ (0.27) $ (0.18) $ (0.35)
Weighted average basic shares outstanding (in shares) 5,919,837 5,879,225 5,919,740 5,875,907
Weighted average diluted shares outstanding (in shares) 5,919,837 5,879,225 5,919,740 5,875,907
Product revenue        
Revenue:        
Total revenue $ 1,632,055 $ 1,470,430 $ 2,681,018 $ 3,216,214
Cost of revenue:        
Total cost of revenue 61,830 755,796 201,290 835,470
Support and services revenue        
Revenue:        
Total revenue 1,867,557 2,528,959 3,998,781 5,276,153
Cost of revenue:        
Total cost of revenue $ 334,396 $ 537,105 $ 742,316 $ 1,107,590