Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Products, services, other $ 144,032 $ 518,365 $ 1,122,169 $ 1,687,166
Total revenue 144,032 518,365 1,122,169 1,687,166
Costs and expenses:        
Cost of products and services 126,203 258,170 742,707 771,105
Research and development 262,370 282,622 716,685 839,072
Selling and marketing 226,526 66,068 422,422 252,209
General and administrative 892,293 1,154,063 2,591,644 2,788,779
Total operating costs 1,507,392 1,760,923 4,473,458 4,651,165
Operating loss (1,363,360) (1,242,558) (3,351,289) (2,963,999)
Other (expense) income:        
Interest expense, net (2,034,021) (3,330,101) (6,448,771) (11,524,306)
Unrealized (loss) gain on investment in equity securities (8,675) (162,071) (8,047) (404,451)
Gain (loss) on extinguishment of liabilities (1,054,122) (277,010) (1,809,249) (1,500,395)
Other income (expense) (2,059) 60,627 (904) 119,280
Total other expense (3,098,877) (3,708,555) (8,266,971) (13,309,872)
Net loss (4,462,237) (4,951,113) (11,618,260) (16,273,871)
Deemed dividends on beneficial conversion feature (815,914) (873,798)
Preferred stock dividends (431,709) (432,149) (1,295,566) (1,239,535)
Net loss attributable to common shareholders $ (4,893,946) $ (6,199,176) $ (12,913,826) $ (18,387,204)
Basic and diluted net loss per share attributable to common shareholders $ (0.44) $ (0.82) $ (1.24) $ (3.02)
Weighted average common shares outstanding used in the basic and diluted net loss per share calculation 11,131,742 7,561,728 10,429,817 6,083,017