XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue $ 2,546,983 $ 3,563,550 $ 5,097,779 $ 6,035,063
Cost of revenue:        
Total cost of revenue 1,596,171 1,945,083 2,965,227 3,307,202
Gross profit 950,812 1,618,467 2,132,552 2,727,861
Selling, general and administrative expenses:        
Research and development expense 582,905 333,760 1,045,076 773,880
Selling, advertising and promotional expense 1,237,947 712,008 1,993,936 1,386,413
Stock-based compensation expense 585,195 594,228 1,310,393 1,087,746
General and administrative expense 1,977,123 1,415,780 4,301,663 2,890,447
Patent litigation settlement (6,000,000) (6,000,000)
Total selling, general and administrative expenses (1,616,830) 3,055,776 2,651,068 6,138,486
Operating income (loss) 2,567,642 (1,437,309) (518,516) (3,410,625)
Other income (expense)        
Interest income 5,628 684 23,612 2,300
Interest expense (152,975) (283,203)
Change in warrant derivative liabilities (310,195) (309,306)
Secured convertible debentures issuance expense (220,312) (220,312)
Loss on the extinguishment of secured convertible debentures (500,000)
Change in fair value of proceeds investment agreement (2,961,000) (3,098,000)
Change in fair value of secured convertible debentures (842,783) (829,976)
Loss before income tax benefit (387,730) (2,962,890) (3,592,904) (5,551,122)
Income tax benefit
Net loss $ (387,730) $ (2,962,890) $ (3,592,904) $ (5,551,122)
Net loss per share information:        
Basic $ (0.03) $ (0.42) $ (0.32) $ (0.78)
Diluted $ (0.03) $ (0.42) $ (0.32) $ (0.78)
Weighted average shares outstanding:        
Basic 11,305,248 7,129,260 11,124,222 7,153,219
Diluted 11,305,248 7,129,260 11,124,222 7,153,219
Product [Member]        
Revenue:        
Total revenue $ 1,945,724 $ 2,993,700 $ 3,866,188 $ 4,984,813
Cost of revenue:        
Total cost of revenue 1,468,828 1,831,615 2,731,899 3,080,360
Service and Other [Member ]        
Revenue:        
Total revenue 601,259 569,850 1,231,591 1,050,250
Cost of revenue:        
Total cost of revenue $ 127,343 $ 113,468 $ 233,328 $ 226,842