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v3.20.1

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018
Net sales | $ 2,390,279 | $ 992,953
Cost of goods sold | 1,156,957 | 578,743
Gross profit | 1,233,322 | 414,210
Operating expenses: |  |
Research and development | 9,902,254 | 12,466,172
Selling, general and administrative | 35,422,301 | 42,501,562
Restructuring and other severance related charges | 1,997,292 |
Total operating expenses | 47,321,847 | 54,967,734
Loss from operations | (46,088,525) | (54,553,524)
Other (income)/expense |  |
Change in fair value of warrant liability |  | 1,870,923
Interest and other income, net | (970,594) | (1,006,332)
Other expense | 12,253 | 344,909
Total other (income)/expense | (958,341) | 1,209,500
Loss before income taxes | (45,130,184) | (55,763,024)
Provision for income taxes | 17,699 | 2,431
Net loss from operations | (45,147,883) | (55,765,455)
Less: Net income attributable to noncontrolling interest |  | 55,005
Net loss attributable to Electrocore subsidiaries and affiliate | $ (45,147,883) | $ (55,820,460)
Net loss per share of common stock - Basic and Diluted (see Note 13) | $ (1.54) | $ (1.19)
Weighted average and potential common shares outstanding - Basic and Diluted (see Note 13) | 29,379,975 | 29,261,943
Electrocore, LLC |  |
Other (income)/expense |  |
Net loss from operations |  | $ (21,063,332)
Net loss attributable to Electrocore subsidiaries and affiliate |  | (21,118,337)
ElectroCore, Inc |  |
Other (income)/expense |  |
Net loss from operations |  | (34,702,123)
Net loss attributable to Electrocore subsidiaries and affiliate | $ (45,147,883) | $ (34,702,123)
Net loss per share of common stock - Basic and Diluted (see Note 13) |  | $ 1.19

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