XML 20 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Revenues $ 6,929,571 $ 7,754,905
Costs and other expenses    
Cost of Goods and Services Sold 1,289,385 6,323,586
Gross Profit 5,640,186 1,431,319
Operating expenses    
Selling, general and administrative 7,140,147 7,862,710
Research, development and engineering 2,511,080 2,394,926
Total operating expenses 9,651,227 10,257,636
Operating loss (4,011,041) (8,826,317)
Other income (expense)    
Interest income 110 11,533
Gain from sale of asset 20,000
Loss on foreign currency transactions (13,004) (39,000)
Loan fee amortization (124,000) 0
Change in fair value of convertible note 0 396,203
Interest expense (175,755) (218,270)
Total other income (expense) (312,649) 170,466
Loss before provision for income tax benefit (4,323,690) (8,655,851)
Provision for income tax benefit 22,998 134,014
Net loss (4,300,692) (8,521,837)
Comprehensive loss:    
Net loss (4,300,692) (8,521,837)
Other comprehensive loss- Foreign translation adjustment 26,469 265,423
Comprehensive loss $ (4,274,223) $ (8,256,414)
Basic and Diluted Loss per Common Share (in dollars per share) $ (2.09) $ (15.21)
Weighted Average Shares Outstanding:    
Basic and Diluted (in shares) 2,059,884 560,278
Service [Member]    
Revenues    
Revenues $ 1,108,506 $ 2,218,885
Costs and other expenses    
Cost of Goods and Services Sold 396,274 861,936
License [Member]    
Revenues    
Revenues 5,189,370 4,342,010
Costs and other expenses    
Cost of Goods and Services Sold 589,505 1,174,919
Hardware [Member]    
Revenues    
Revenues 631,695 1,194,010
Costs and other expenses    
Cost of Goods and Services Sold 516,611 700,231
Hardware Reserve [Member]    
Costs and other expenses    
Cost of Goods and Services Sold $ (213,005) $ 3,586,500