v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenues $ 2,792,828 $ 2,766,662 $ 5,250,418 $ 7,316,656
Cost of revenues 1,272,141 1,214,915 2,313,936 2,799,328
Gross profit 1,520,687 1,551,747 2,936,482 4,517,328
Operating expenses        
General and administrative 957,400 1,003,146 2,246,770 2,249,922
Sales and marketing 1,111,693 495,616 2,008,443 1,303,623
Engineering, research, and development 674,035 521,597 1,397,985 2,199,127
Impairment of intangible assets     8,286  
Depreciation and amortization 183,584 184,918 341,811 358,845
Total operating expenses 2,926,712 2,205,277 6,003,295 6,111,517
Loss from operations (1,406,025) (653,530) (3,066,813) (1,594,189)
Other income/(expense)        
Interest income   76 5 913
Interest expense (23,867) (68,088) (56,383) (145,277)
Loss on disposal of fixed assets (880) (3,935) (880) (3,935)
Foreign currency gain (loss) (1,774) (52) (2,248) 1,100
Total other income/(expense) (26,521) (71,999) (59,506) (147,199)
Loss before income taxes (1,432,546) (725,529) (3,126,319) (1,741,388)
Income tax expense
Net loss per share: (1,432,546) (725,529) (3,126,319) (1,741,388)
Other comprehensive loss, net of income tax        
Foreign currency translation adjustments (9,241) (26,136) (18,919) (39,217)
Comprehensive loss $ (1,441,787) $ (751,665) $ (3,145,238) $ (1,780,605)
Net loss per share:        
Basic and Diluted $ (0.03) $ (0.01) $ (0.06) $ (0.03)
Weighted average number of shares:        
Basic and Diluted 55,410,695 51,615,469 55,410,695 51,524,778

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