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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenues $ 2,144,804 $ 1,817,108 $ 5,467,293 $ 5,929,804
Costs and other expenses        
Cost of Goods and Services Sold 465,110 1,476,604 1,027,025 4,402,989
Gross profit 1,679,694 340,504 4,440,268 1,526,815
Operating Expenses        
Selling, general and administrative 1,607,925 1,776,305 5,332,764 5,851,201
Research, development and engineering 652,174 529,757 1,850,929 1,778,097
Total Operating Expenses 2,260,099 2,306,062 7,183,693 7,629,298
Operating loss (580,405) (1,965,558) (2,743,425) (6,102,483)
Other income (expense)        
Interest income 2 5,917 53 5,944
Loss on foreign currency transactions 0 0 0 (15,000)
Loan fee amortization (60,000) 0 (64,000) 0
Change in fair value of convertible note 0 167,283 0 264,706
Interest expense (98,556) (45,655) (108,823) (159,380)
Total other income (expense), net (158,554) 127,545 (172,770) 96,270
Loss before provision for income tax (738,959) (1,838,013) (2,916,195) (6,006,213)
Provision for (income tax) tax benefit 0 189 0 (142,811)
Net loss (738,959) (1,837,824) (2,916,195) (6,149,024)
Comprehensive loss:        
Net loss (738,959) (1,837,824) (2,916,195) (6,149,024)
Other comprehensive income (loss) – Foreign currency translation adjustment 89,933 35,364 51,878 127,394
Comprehensive loss $ (649,026) $ (1,802,460) $ (2,864,317) $ (6,021,630)
Basic and Diluted Loss per Common Share (in dollars per share) $ (0.39) $ (3.22) $ (1.69) $ (10.79)
Weighted Average Common Shares Outstanding:        
Basic and diluted (in shares) 1,889,694 570,753 1,726,716 569,882
Service [Member]        
Revenues        
Revenues $ 267,371 $ 587,893 $ 764,062 $ 1,740,880
Costs and other expenses        
Cost of Goods and Services Sold 110,723 125,039 322,957 639,996
License [Member]        
Revenues        
Revenues 1,441,011 950,015 4,165,669 3,764,342
Costs and other expenses        
Cost of Goods and Services Sold 146,732 253,891 443,384 1,022,919
Hardware [Member]        
Revenues        
Revenues 436,422 279,200 537,562 424,582
Costs and other expenses        
Cost of Goods and Services Sold 207,655 97,674 260,684 240,074
Hardware Reserve [Member]        
Costs and other expenses        
Cost of Goods and Services Sold $ 0 $ 1,000,000 $ 0 $ 2,500,000