XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenue from Contract with Customer, Including Assessed Tax $ 1,373,549 $ 1,298,829 $ 5,261,835 $ 4,179,557
Costs and other expenses        
Costs and other expenses 393,783 294,674 1,455,177 1,300,878
Gross profit 979,766 1,004,155 3,806,658 2,878,679
Operating Expenses        
Selling, general and administrative 2,510,706 1,385,534 6,315,277 4,276,016
Research, development and engineering 829,506 612,597 2,418,855 1,545,200
Total Operating Expenses 3,340,212 1,998,131 8,734,132 5,821,216
Operating loss (2,360,446) (993,976) (4,927,474) (2,942,537)
Other income (expense)        
Interest income 8 329 216 3,776
Loss on foreign currency transactions 0 0 0 (50,000)
Investment-debt security reserve (40,000) (30,000) (190,000) (30,000)
Noncash interest expense 0 0 0 (18,000)
Interest expense (2,071) 0 (3,611) 0
Total other income (expense), net (42,063) (29,671) (193,395) (94,224)
Net loss (2,402,509) (1,023,647) (5,120,869) (3,036,761)
Comprehensive loss:        
Net loss (2,402,509) (1,023,647) (5,120,869) (3,036,761)
Other comprehensive loss – Foreign currency translation adjustment (119,269) 0 (229,350) 0
Net loss available to common stockholders $ (2,521,778) $ (1,023,647) $ (5,350,219) $ (3,036,761)
Basic and Diluted Loss per Common Share (in dollars per share) $ (0.29) $ (0.13) $ (0.64) $ (0.39)
Weighted Average Common Shares Outstanding:        
Basic and diluted (in shares) 8,148,848 7,790,778 8,054,207 7,788,734
Service [Member]        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax $ 371,956 $ 318,500 $ 1,202,866 $ 985,163
Costs and other expenses        
Costs and other expenses 162,632 176,976 554,222 511,360
License [Member]        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax 918,260 870,459 3,540,592 2,011,610
Costs and other expenses        
Costs and other expenses 173,310 45,986 604,677 133,328
Hardware [Member]        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax 83,333 109,870 518,377 1,182,784
Costs and other expenses        
Costs and other expenses $ 57,841 $ 71,712 $ 296,278 $ 656,190