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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 1,141,286 $ 1,928,929 $ 3,322,489 $ 4,112,696
Costs and other expenses        
Cost of Goods and Services Sold 262,272 1,606,111 561,915 2,926,385
Gross profit 879,014 322,818 2,760,574 1,186,311
Operating Expenses        
Selling, general and administrative 1,941,866 2,143,164 3,724,839 4,074,896
Research, development and engineering 591,234 558,181 1,198,755 1,248,340
Total Operating Expenses 2,533,100 2,701,345 4,923,594 5,323,236
Operating loss (1,654,086) (2,378,527) (2,163,020) (4,136,925)
Other income (expense)        
Interest income 46 23 51 27
Loss on foreign currency transactions 0 0 0 (15,000)
Loan fee amortization (4,000) 0 (4,000) 0
Change in fair value of convertible note 0 (44,568) 0 97,423
Interest expense (8,910) (56,806) (10,267) (113,725)
Total other income (expense), net (12,864) (101,351) (14,216) (31,275)
Loss before provision for income tax (1,666,950) (2,479,878) (2,177,236) (4,168,200)
Provision for (income tax) tax benefit 0 (143,000) 0 (143,000)
Net loss (1,666,950) (2,622,878) (2,177,236) (4,311,200)
Comprehensive loss:        
Net loss (1,666,950) (2,622,878) (2,177,236) (4,311,200)
Other comprehensive income (loss) – Foreign currency translation adjustment 24,220 19,884 (38,530) 92,030
Comprehensive loss $ (1,642,730) $ (2,602,994) $ (2,215,766) $ (4,219,170)
Basic and Diluted Loss per Common Share (in dollars per share) $ (1) $ (4.71) $ (1.33) $ (7.74)
Weighted Average Common Shares Outstanding:        
Basic and diluted (in shares) 1,663,042 556,758 1,639,183 556,758
Service [Member]        
Revenues        
Revenues $ 283,569 $ 620,465 $ 496,690 $ 1,152,987
Costs and other expenses        
Cost of Goods and Services Sold 73,385 360,156 212,234 514,957
License [Member]        
Revenues        
Revenues 774,225 1,235,771 2,724,659 2,814,327
Costs and other expenses        
Cost of Goods and Services Sold 148,432 198,147 296,652 819,028
Hardware [Member]        
Revenues        
Revenues 83,492 72,693 101,140 145,382
Costs and other expenses        
Cost of Goods and Services Sold 40,455 47,808 53,029 92,400
Hardware Reserve [Member]        
Costs and other expenses        
Cost of Goods and Services Sold $ 0 $ 1,000,000 $ 0 $ 1,500,000