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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 5,018,292 $ 4,016,563 $ 8,655,528 $ 8,014,440
Cost of Goods Sold 4,870,152 3,695,853 8,261,847 7,579,115
Gross Profit 148,140 320,710 393,681 435,325
Operating Expenses:        
Selling expenses 1,196,513 1,202,586 2,256,461 2,212,084
General and administrative expenses 1,265,543 1,247,132 3,182,060 2,721,802
Research and development expenses 490,836 434,629 1,093,573 872,236
Restructuring costs 1,788,827 0 1,788,827 0
Total Operating Expense 4,741,719 2,884,347 8,320,921 5,806,122
Loss from Operations (4,593,579) (2,563,637) (7,927,240) (5,370,797)
Other Income (Expense)        
Interest and other income 342,624 0 342,723 0
Interest expense (159,557) (215,598) (366,018) (256,017)
Amortization discount on Notes (1,922,618) (251,804) (2,219,956) (251,804)
Gain (Loss) on currency transactions (342,202) (83,696) (266,209) 287,988
Gain on lease termination 153,575 0 153,575 0
Gain on sale of fixed assets 661 1,134 661 1,134
Total Other Income (Expense) (1,927,517) (549,964) (2,355,224) (218,699)
Loss Before Income Taxes (6,521,096) (3,113,601) (10,282,464) (5,589,496)
Income Tax Benefit (14,037) (15,493) (28,981) (31,959)
Net Loss $ (6,507,059) $ (3,098,108) $ (10,253,483) $ (5,557,537)
Basic and Diluted Loss Per Share (in dollars per share) $ (0.20) $ (0.14) $ (0.38) $ (0.26)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares) 32,097,495 21,769,461 26,753,663 21,723,578