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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sales:        
Total Sales $ 1,158,882 $ 1,923,400 $ 4,718,115 $ 6,114,877
Cost of Sales:        
Total Cost of Sales 1,390,339 1,302,480 4,757,643 4,646,660
Gross Profit (Loss) (exclusive of depreciation shown separately below) (231,457) 620,920 (39,528) 1,468,217
Operating Expenses:        
Research and Development 2,336,778 2,468,449 6,840,006 7,158,356
Selling and Marketing 775,975 966,294 3,016,689 4,048,029
General and Administrative 1,548,927 1,666,596 5,248,919 5,579,500
Depreciation and Amortization 628,728 377,724 1,795,782 946,335
Impairment of Software Development Cost 0 196,223 0 196,223
Gain on Inventory Revaluation and Product Discontinuance 0 (211,416) 0 (211,416)
Total Operating Expenses 5,290,408 5,463,870 16,901,396 17,717,027
Loss from Operations (5,521,865) (4,842,950) (16,940,924) (16,248,810)
Other Income (Expense):        
Investment Income 92,004 71,089 183,056 111,075
Other Taxes (26,740) (17,809) (89,704) (47,667)
Foreign Exchange Loss (20,089) (26,963) (44,813) (36,615)
Loss on Asset Disposal 0 0 0 (56,836)
Gain (Loss) on Derivative Valuation 0 21,814 0 (13,873)
Interest Expense 0 (2,937) 0 (19,128)
Total Other Income (Expense), Net 45,175 45,194 48,539 (63,044)
Loss Before Provision for Income Taxes (5,476,690) (4,797,756) (16,892,385) (16,311,854)
Provision for Income Taxes 0 0 0 0
Net Loss (5,476,690) (4,797,756) (16,892,385) (16,311,854)
Preferred Stock Dividends (490,386) (462,034) (1,434,058) (1,351,147)
Loss Attributable to Common Stockholders $ (5,967,076) $ (5,259,790) $ (18,326,443) $ (17,663,001)
Basic and Diluted Loss per Share $ (0.18) $ (0.19) $ (0.62) $ (0.65)
Weighted-average Shares Outstanding - Basic and Diluted 32,968,952 27,504,626 29,411,545 27,046,913
Sales of Products        
Sales:        
Total Sales $ 1,059,207 $ 1,842,500 $ 4,267,494 $ 5,853,461
Cost of Sales:        
Cost of Sales 1,360,457 1,267,320 4,635,289 4,426,904
Sales of Engineering Services        
Sales:        
Total Sales 99,675 80,900 450,621 261,416
Cost of Sales:        
Cost of Sales $ 29,882 $ 35,160 $ 122,354 $ 219,756