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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 1,817,108 $ 1,373,549 $ 6,829,804 $ 5,261,835
Costs and other expenses        
Costs and other expenses 476,604 393,783 1,902,989 1,455,177
Gross profit 1,340,504 979,766 4,926,815 3,806,658
Operating Expenses        
Selling, general and administrative 1,547,376 2,510,706 5,422,272 6,315,277
Research, development and engineering 558,686 829,506 1,807,026 2,418,855
Total Operating Expenses 2,106,062 3,340,212 7,229,298 8,734,132
Operating loss (765,558) (2,360,446) (2,302,483) (4,927,474)
Other income (expense)        
Interest income 5,917 8 5,944 216
Loss on foreign currency transactions 0 0 (15,000) 0
Investment-debt security reserve 0 (40,000) 0 (190,000)
Change in fair value of convertible note 167,283 0 264,706 0
Interest expense (45,655) (2,071) (159,379) (3,611)
Total other income (expense), net 127,545 (42,063) 96,271 (193,395)
Loss before provision for income tax (638,013) (2,402,509) (2,206,212) (5,120,869)
Provision for (income tax) tax benefit 189 0 (142,811) 0
Net loss (637,824) (2,402,509) (2,349,023) (5,120,869)
Comprehensive loss:        
Net loss (637,824) (2,402,509) (2,349,023) (5,120,869)
Other comprehensive income (loss) – Foreign currency translation adjustment 35,364 (119,269) 127,394 (229,350)
Comprehensive loss $ (602,460) $ (2,521,778) $ (2,221,629) $ (5,350,219)
Basic and Diluted Loss per Common Share (in dollars per share) $ (0.07) $ (0.29) $ (0.26) $ (0.64)
Weighted Average Common Shares Outstanding:        
Basic and diluted (in shares) 9,081,873 8,148,848 9,042,319 8,054,207
Service [Member]        
Revenues        
Revenues $ 587,893 $ 371,956 $ 1,740,880 $ 1,202,866
Costs and other expenses        
Costs and other expenses 125,039 162,632 639,996 554,222
License [Member]        
Revenues        
Revenues 950,015 918,260 4,664,341 3,540,592
Costs and other expenses        
Costs and other expenses 203,891 173,310 1,022,919 604,677
Hardware [Member]        
Revenues        
Revenues 279,200 83,333 424,583 518,377
Costs and other expenses        
Costs and other expenses $ 147,674 $ 57,841 $ 240,074 $ 296,278