Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 2,477,782 $ 2,606,398 $ 5,593,376 $ 5,078,915
Cost of revenues 640,805 1,030,316 1,558,141 1,916,798
Research and development costs 822,301 697,803 1,651,829 1,282,343
Sales and marketing expenses 1,124,378 1,143,056 2,422,972 2,183,769
General and administrative expenses 1,365,084 1,028,291 2,643,592 1,961,322
Operating loss (1,474,786) (1,293,068) (2,683,158) (2,265,317)
Other income (expense):        
Other income (expense), net 10,851 1,693 6,131 7,322
Interest expense, net (197,113) (259,020) (1,038,846) (513,125)
Net loss $ (1,661,048) $ (1,550,395) $ (3,715,873) $ (2,771,120)
Net loss per share attributable to common stockholders:        
Basic and diluted (in dollars per share) $ (0.11) $ (0.13) $ (0.24) $ (0.24)
Weighted average shares outstanding:        
Basic and diluted (in shares) 15,504,169 12,302,667 15,471,222 11,676,872
Product Revenue        
Revenues:        
Total revenues $ 1,593,070 $ 2,194,194 $ 3,696,455 $ 4,358,148
Service and Other Revenues        
Revenues:        
Total revenues $ 884,712 $ 412,204 $ 1,896,921 $ 720,767