Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.21.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenue $ 559,874 $ 253,873
Costs and expenses:    
Cost of products and services 226,275 175,146
Research and development 299,943 265,690
Selling and marketing 93,328 189,116
General and administrative 1,015,430 1,019,010
Total operating costs and expenses 1,634,976 1,648,962
Operating loss (1,075,102) (1,395,089)
Other (expense) income:    
Interest expense, net (4,668,064) (1,571,800)
Unrealized (loss) gain on investment in equity securities (107,903) 149,371
Loss on extinguishment of liabilities (725,159) (1,136,367)
Other (expense) income (1,359)
Total other expense (5,502,485) (2,558,796)
Net loss (6,577,587) (3,953,885)
Deemed dividends on beneficial conversion feature (57,884)
Preferred stock dividends (403,215) (324,586)
Net loss attributable to common stockholders $ (7,038,686) $ (4,278,471)
Basic and diluted net loss per share attributable to common stockholders $ (1.45) $ (1.62)
Weighted average common stock shares outstanding used in the basic and diluted net loss per share calculation 4,865,826 2,648,039
Products, Services, Other [Member]    
Revenue:    
Total revenue $ 559,874 $ 253,873