XML 67 R4.htm IDEA: XBRL DOCUMENT 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