XML 47 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 4,990,019 $ 5,018,292 $ 9,001,538 $ 8,655,528
Cost of Goods Sold 3,827,491 4,870,152 7,447,668 8,261,847
Gross Profit 1,162,528 148,140 1,553,870 393,681
Operating Expenses:        
Selling expenses 1,028,225 1,196,513 2,210,660 2,256,461
General and administrative expenses 1,377,483 1,265,543 2,436,432 3,182,060
Research and development expenses 359,784 490,836 702,403 1,093,573
Restructuring costs 0 1,788,827 0 1,788,827
Total Operating Expense 2,765,492 4,741,719 5,349,495 8,320,921
Loss from Operations (1,602,964) (4,593,579) (3,795,625) (7,927,240)
Other Income (Expense)        
Interest and other income 116,545 342,624 168,218 342,723
Interest expense (45,898) (159,557) (57,899) (366,018)
Amortization discount on Notes (86,790) (1,922,618) (171,318) (2,219,956)
Gain (Loss) on currency transactions 49,494 (342,202) (116,784) (266,209)
Gain on lease termination 0 153,575 0 153,575
Gain on sale of fixed assets 0 661 0 661
Total Other Income (Expense) 33,351 (1,927,517) (177,783) (2,355,224)
Loss Before Income Taxes (1,569,613) (6,521,096) (3,973,408) (10,282,464)
Income Tax Benefit (14,321) (14,037) (28,613) (28,981)
Net Loss $ (1,555,292) $ (6,507,059) $ (3,944,795) $ (10,253,483)
Basic and Diluted Loss Per Share (in dollars per share) $ (0.27) $ (1.62) $ (0.70) $ (3.07)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares) 5,660,007 4,012,187 5,656,809 3,344,208