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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 3,258,747 $ 3,499,612 $ 7,087,073 $ 6,679,799
Cost of revenue:        
Total cost of revenue 440,741 396,226 1,089,748 943,606
Gross profit 2,818,006 3,103,386 5,997,325 5,736,193
Operating expenses:        
Research and development costs 661,147 534,000 1,321,087 1,208,924
Selling and marketing 1,259,735 1,019,940 2,656,375 2,001,131
General and administrative 658,100 845,581 1,495,967 1,938,750
Restructuring costs 421,737 153,685 724,050 441,145
Total operating expenses 3,000,719 2,553,206 6,197,479 5,589,950
Operating income (loss) (182,713) 550,180 (200,154) 146,243
Gain on debt extinguishment 0 0 754,000 0
Interest and other expense (164,312) (180,249) (431,007) (426,088)
Income (loss) before income taxes (347,025) 369,931 122,839 (279,845)
Income tax expense (benefit) 2,659 (36,627) 47,275 33,437
Net income (loss) (349,684) 406,558 75,564 (313,282)
Less: Accrual of Series A redeemable convertible preferred stock dividends 282,926 260,595 560,096 546,355
Less: Accretion to redemption value of Series A redeemable convertible preferred stock 75,183 165,141 272,297 191,231
Net income (loss) attributable to common stockholders $ (707,793) $ (19,178) $ (756,829) $ (1,050,868)
Basic net income (loss) per share attributable to common stockholders $ (0.12) $ 0.00 $ (0.13) $ (0.18)
Diluted net income (loss) per share attributable to common stockholders $ (0.12) $ 0.00 $ (0.13) $ (0.18)
Weighted average basic shares outstanding 6,021,483 5,919,837 5,985,672 5,919,740
Weighted average diluted shares outstanding 6,021,483 5,919,837 5,985,672 5,919,740
Product revenue        
Revenue:        
Total revenue $ 1,602,005 $ 1,632,055 $ 3,741,734 $ 2,681,018
Cost of revenue:        
Total cost of revenue 34,781 61,830 257,615 201,290
Support and services revenue        
Revenue:        
Total revenue 1,656,742 1,867,557 3,345,339 3,998,781
Cost of revenue:        
Total cost of revenue $ 405,960 $ 334,396 $ 832,133 $ 742,316