Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.19.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Total Revenues $ 1,665,570 $ 3,354,712
Cost of Sales:    
Product Cost of Sales (1,538,285) (2,406,132)
Gross Income 127,285 948,580
Administrative Expenses 5,666,018 4,082,313
Sales and Marketing Expenses 1,782,315 2,048,571
Research and Development Expenses 1,063,253 1,260,378
Litigation Settlement Expenses 1,505,000
Amortization of Non-Current Assets 171,108 171,108
Loss from Operations (10,060,409) (6,613,790)
Other (Income)/Expenses    
Impairment of Intangible Assets 716,148
Impairment of Other Assets 64,092
Loss on Disposal of Property and Equipment 156,493
Foreign Currency Transaction (Gain)/Loss 6,726 (1,659)
Other Income (4,172)
Loss on Investments 15,178
Warrant Modification Expense 764,932
Interest and Dividend Income (165,840) (10,753)
Total Other Expense 788,625 752,520
Loss Before Income Taxes (10,849,034) (7,366,310)
Income Tax Benefit
Net Loss Attributable to Common Shareholders (10,849,034) (7,366,310)
Other Comprehensive Loss    
Net Unrealized Loss on Marketable Securities (25,913)
Total Other Comprehensive Loss (25,913)
Comprehensive Loss $ (10,874,947) $ (7,366,310)
Basic and Diluted loss per common share $ (0.99) $ (6.29)
Weighted average basic and diluted common shares outstanding 10,973,830 1,171,683
Product Revenue [Member]    
Revenues:    
Total Revenues $ 1,665,570 $ 3,304,712
License Fees [Member]    
Revenues:    
Total Revenues $ 50,000