Income Statement

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total Net Revenue $ 2,239,971 $ 2,198,643 $ 5,325,076 $ 8,531,880
Total Cost of Sales 1,147,673 1,333,588 2,998,716 5,264,366
Gross Profit 1,092,298 865,055 2,326,360 3,267,514
Operating Expenses:        
Research and development 231,088 448,690 892,179 1,360,986
Selling, general and administrative 1,518,915 1,137,084 3,646,246 3,936,851
Depreciation and amortization 14,658 16,775 44,196 50,750
Total Operating Expenses 1,764,661 1,602,549 4,582,621 5,348,587
Operating Loss (672,363) (737,494) (2,256,261) (2,081,073)
Other Expenses:        
Gain on fixed assets 0 150 0 150
Interest expense, net (4,392) (16,525) (19,976) (37,125)
Total Other Expenses (4,392) (16,375) (19,976) (36,975)
Loss before Provision for Income Taxes (676,755) (753,869) (2,276,237) (2,118,048)
Income Tax Provision 0 0 3,116 0
Net Loss Attributable to Common Stockholders $ (676,755) $ (753,869) $ (2,279,353) $ (2,118,048)
Net Loss per Common Share:        
Basic - Net Loss Attributable to Common Stockholders $ (0.01) $ (0.01) $ (0.02) $ (0.02)
Diluted - Net Loss Attributable to Common Stockholders $ (0.01) $ (0.01) $ (0.02) $ (0.02)
Weighted Average Common Shares Outstanding - basic 136,311,335 135,331,951 136,061,140 134,937,277
Weighted Average Common Shares Outstanding - diluted 136,311,335 135,331,951 136,061,140 134,937,277
Product [Member]        
Total Net Revenue $ 2,050,170 $ 1,995,788 $ 4,762,802 $ 7,963,349
Total Cost of Sales 1,131,205 1,259,151 2,933,679 5,026,815
Recurring [Member]        
Total Net Revenue 189,801 202,855 562,274 568,531
Total Cost of Sales $ 16,468 $ 74,437 $ 65,037 $ 237,551

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