XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue $ 15,982,438 $ 18,273,442
Cost of Goods Sold 15,415,294 16,697,296
Gross Profit 567,144 1,576,146
Operating Expenses:    
Selling expenses 3,669,887 4,564,188
General and administrative expenses 5,701,955 5,836,629
Research and development expenses 1,835,890 1,862,653
Restructuring costs 1,893,166 0
Total Operating Expenses 13,100,898 12,263,470
Loss from Operations (12,533,754) (10,687,324)
Other Income (Expense)    
Interest and other income 384,058 371,467
Interest expense (419,942) (708,176)
Amortization of discount on convertible note (2,389,128) (835,331)
Gain on currency transactions 404,162 668,255
Gain on on lease termination 147,452 0
Gain on sale of fixed assets 635 1,113
Total Other Expense (1,872,763) (502,672)
Loss Before Income Taxes (14,406,517) (11,189,996)
Income Tax Benefit (237,410) (63,036)
Net Loss $ (14,169,107) $ (11,126,960)
Basic and Diluted Loss Per Share (in dollars per share) $ (0.40) $ (0.52)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares) 35,395,466 21,567,112