Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 2,606,398 $ 1,646,335 $ 5,078,915 $ 3,269,702
Cost of revenues 1,030,316 602,236 1,916,798 1,191,203
Research and development costs 697,803 665,310 1,282,343 1,211,638
Sales and marketing expenses 1,143,056 926,231 2,183,769 1,888,445
General and administrative expenses 1,028,291 1,088,496 1,961,322 2,041,446
Operating loss (1,293,068) (1,635,938) (2,265,317) (3,063,030)
Other income (expense):        
Gain from change in fair value of derivative liabilities 7,580 42,023
Other income (expense), net 1,693 (87) 7,322 (883)
Interest expense, net (259,020) (248,091) (513,125) (495,563)
Net loss $ (1,550,395) $ (1,876,536) $ (2,771,120) $ (3,517,453)
Net loss per share attributable to common stockholders:        
Basic and diluted (in dollars per share) $ (0.13) $ (0.17) $ (0.24) $ (0.32)
Weighted average shares outstanding:        
Basic and diluted (in shares) 12,302,667 10,959,532 11,676,872 10,851,177
Product Revenues [Member]        
Revenues:        
Total revenues $ 2,194,194 $ 1,412,599 $ 4,358,148 $ 2,951,198
Service and Other Revenues [Member]        
Revenues:        
Total revenues $ 412,204 $ 233,736 $ 720,767 $ 318,504