XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 4,108,738 $ 4,980,060 $ 11,044,448 $ 14,668,757
Cost of revenues 1,835,333 2,343,758 5,185,802 7,002,971
Gross profit 2,273,405 2,636,302 5,858,646 7,665,786
Operating expenses:        
Research and development 680,797 1,015,051 2,420,945 2,906,271
Sales and marketing 658,265 785,295 2,148,221 2,312,305
General and administrative 485,465 706,485 1,741,311 2,052,882
Goodwill impairment charges 4,427,000 4,427,000
Total operating expenses 6,251,527 2,506,831 10,737,477 7,271,458
Operating income (loss) (3,978,122) 129,471 (4,878,831) 394,328
Interest expense, net (23,864) (25,562) (51,505) (83,371)
Other income 70,000
Net income (loss) before income taxes (4,001,986) 103,909 (4,860,336) 310,957
Income tax expense (800) (9,611) (800) (85,030)
Net income (loss) $ (4,002,786) $ 94,298 $ (4,861,136) $ 225,927
Net income (loss) per share:        
Basic $ (0.62) $ 0.02 $ (0.76) $ 0.04
Diluted $ (0.62) $ 0.01 $ (0.76) $ 0.04
Weighted average shares outstanding:        
Basic 6,037,559 5,999,487 6,020,363 5,979,715
Diluted 6,037,559 6,317,270 6,020,363 6,236,673