Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 1,807,042 $ 1,717,070 $ 5,076,744 $ 5,700,147
Cost of revenues 553,221 688,847 1,743,981 2,239,808
Research and development costs 617,241 589,716 1,828,846 2,231,616
Sales and marketing expenses 764,599 899,103 2,653,044 2,945,263
General and administrative expenses 1,078,171 866,727 3,119,617 2,786,698
Operating loss (1,206,190) (1,327,323) (4,268,744) (4,503,238)
Other income (expense):        
Gain from change in fair value of derivative liabilities 22,295 109,803 64,318 48,064
Other income, net 2,643 3,363 1,284 6,774
Interest expense, net (246,824) (211,362) (742,387) (637,270)
Net loss $ (1,428,076) $ (1,425,519) $ (4,945,529) $ (5,085,670)
Net loss per share attributable to common stockholders:        
Basic and diluted (in dollars per share) $ (0.13) $ (0.14) $ (0.45) $ (0.75)
Weighted average shares outstanding:        
Basic and diluted (in shares) 11,006,959 10,339,210 10,903,675 6,783,605
Product Revenue [Member]        
Revenues:        
Total revenues $ 1,739,804 $ 1,628,435 $ 4,691,002 $ 5,443,287
Service and Other Revenues [Member]        
Revenues:        
Total revenues $ 67,238 $ 88,635 $ 385,742 $ 256,860