Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 2,927,466 $ 1,807,042 $ 8,006,382 $ 5,076,744
Cost of revenues 983,042 553,221 2,899,837 1,743,981
Research and development costs 761,881 617,241 2,044,224 1,828,846
Sales and marketing expenses 1,063,143 764,599 3,246,912 2,653,044
General and administrative expenses 1,029,929 1,078,171 2,991,305 3,119,617
Operating loss (910,529) (1,206,190) (3,175,896) (4,268,744)
Other income (expense):        
Gain from change in fair value of derivative liabilities   22,295   64,318
Other income, net 728 2,643 8,100 1,284
Interest expense, net (213,167) (246,824) (726,292) (742,387)
Net loss $ (1,122,968) $ (1,428,076) $ (3,894,088) $ (4,945,529)
Net loss per share attributable to common stockholders:        
Basic and diluted (in dollars per share) $ (0.08) $ (0.13) $ (0.31) $ (0.45)
Weighted average shares outstanding:        
Basic and diluted (in shares) 14,053,508 11,006,959 12,477,790 10,903,675
Product Revenues [Member]        
Revenues:        
Total revenues $ 2,594,428 $ 1,739,804 $ 6,952,575 $ 4,691,002
Service and Other Revenues [Member]        
Revenues:        
Total revenues $ 333,038 $ 67,238 $ 1,053,807 $ 385,742