v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue $ 268,154 $ 518,663 $ 522,027 $ 1,028,903
Costs and expenses:        
Cost of products and services 134,882 304,172 310,028 613,884
Research and development 294,602 291,538 560,292 556,242
Selling and marketing 162,098 186,609 351,214 374,824
General and administrative 1,007,215 1,136,768 2,026,225 2,281,189
Total operating costs and expenses 1,598,797 1,919,087 3,247,759 3,826,139
Operating loss (1,330,643) (1,400,424) (2,725,732) (2,797,236)
Other (expense) income:        
Interest expense, net (1,724,879) (1,074,488) (3,296,679) (1,587,194)
Unrealized gain on investment in equity securities 196,891 346,262
Loss on extinguishment of liabilities (1,710,151) (106,461) (2,846,518) (147,271)
Other expense (185,469) (290,314)
Total other expense (3,238,139) (1,366,418) (5,796,935) (2,024,779)
Net loss (4,568,782) (2,766,842) (8,522,667) (4,822,015)
Deemed dividend on beneficial conversion feature (889,532) (1,949,731)
Preferred stock dividends (396,970) (420,489) (721,556) (776,099)
Net loss attributable to common stockholders $ (4,965,752) $ (4,076,863) $ (9,244,223) $ (7,547,845)
Basic and diluted net loss per share attributable to common stockholders $ (1.70) $ (2.22) $ (3.34) $ (4.24)
Weighted average common stock shares outstanding used in the basic and diluted net loss per share calculation 2,914,659 1,837,913 2,765,132 1,780,881
Products, Services, Other [Member]        
Revenue:        
Total revenue $ 268,154 $ 518,663 $ 522,027 $ 1,028,903

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