v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 533,862 $ 501,158 $ 1,055,889 $ 1,530,061
Costs and expenses:        
Cost of products and services 247,013 285,794 557,041 899,678
Research and development 247,432 276,712 807,724 832,954
Selling and marketing 173,372 133,032 524,586 507,856
General and administrative 684,807 874,611 2,711,032 3,155,800
Total operating costs and expenses 1,352,624 1,570,149 4,600,383 5,396,288
Operating loss (818,762) (1,068,991) (3,544,494) (3,866,227)
Other (expense) income:        
Interest expense, net (2,204,593) (2,124,477) (5,501,272) (4,001,711)
Unrealized gain on investment in equity securities 140,461 486,723
Loss on extinguishment of liabilities (395,854) (185,203) (3,242,372) (332,474)
Other income 4,674 4,400
Total other expense (2,459,986) (2,305,006) (8,256,921) (4,329,785)
Income tax benefit   217,168   217,168
Net loss (3,278,748) (3,156,829) (11,801,415) (7,978,844)
Deemed dividend on beneficial conversion feature (675,979) (2,625,710)
Preferred stock dividends (396,970) (492,494) (1,118,526) (1,268,593)
Net loss attributable to common stockholders $ (3,675,718) $ (4,325,302) $ (12,919,941) $ (11,873,147)
Basic and diluted net loss per share attributable to common stockholders $ (1.02) $ (2.20) $ (4.22) $ (6.29)
Weighted average common stock shares outstanding used in the basic and diluted net loss per share calculation 3,612,958 1,967,872 3,059,095 1,887,393
Products, Services, Other [Member]        
Revenue:        
Total revenue $ 533,862 $ 501,158 $ 1,055,889 $ 1,530,061

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