Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Total revenues $ 11,216,937 $ 7,353,266
Cost of revenues 3,832,884 2,433,069
Research and development costs 2,922,279 2,310,139
Sales and marketing expenses 4,755,516 3,532,040
General and administrative expenses 4,299,936 4,325,786
Operating loss (4,593,678) (5,247,768)
Other income (expense):    
Gain on change in fair value of derivative liabilities 64,318
Other income, net 9,054 364
Interest expense, net (955,166) (980,383)
Net loss $ (5,539,790) $ (6,163,469)
Net loss per share attributable to common stockholders:    
Basic and diluted (in dollars per share) $ (0.42) $ (0.56)
Weighted average shares outstanding:    
Basic and diluted (in shares) 13,155,163 10,928,213
Product Revenue    
Revenues:    
Total revenues $ 9,476,364 $ 6,685,020
Service and Other Revenues    
Revenues:    
Total revenues $ 1,740,573 $ 668,246