v3.19.2
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 $ 518,663 $ 638,773 $ 1,028,903 $ 1,249,547
Costs and expenses:        
Cost of products and services 304,172 270,046 613,884 594,835
Research and development 291,538 323,832 556,242 648,808
Selling and marketing 186,609 224,942 374,824 499,410
General and administrative 1,136,768 740,843 2,281,189 1,535,448
Total operating costs and expenses 1,919,087 1,559,663 3,826,139 3,278,501
Operating loss (1,400,424) (920,890) (2,797,236) (2,028,954)
Other expense:        
Interest expense (1,074,488) (1,159,242) (1,587,194) (2,282,387)
Other expense (185,469) (9,582) (290,314) (14,312)
(Loss) Gain on extinguishment of debt (106,461) 471,612 (147,271) 475,897
Incentive shares/warrants (663,130) (663,130)
Total other (expense) income (1,366,418) (1,360,342) (2,024,779) (2,483,932)
Net loss (2,766,842) (2,281,232) (4,822,015) (4,512,886)
Deemed dividend on down round feature (213,012) (213,012)
Deemed dividend on beneficial conversion feature (889,532) (10,532,291) (1,949,731) (10,532,291)
Preferred stock dividends (420,489) (95,879) (776,099) (95,879)
Net loss attributable to common stockholders $ (4,076,863) $ (13,122,414) $ (7,547,845) $ (15,354,068)
Basic and diluted net loss per share attributable to common stockholders $ (2.22) $ (9.20) $ (4.24) $ (11.01)
Weighted average common stock shares outstanding used in the basic and diluted net loss per share calculation 1,837,913 1,426,698 1,780,881 1,395,187
Products, Services, Other [Member]        
Revenue:        
Total revenue $ 518,663 $ 618,418 $ 1,028,903 $ 1,203,662
Grant Revenue [Member]        
Revenue:        
Total revenue $ 20,355 $ 45,885

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