v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenues $ 1,890,437 $ 2,311,548 $ 5,787,168 $ 7,561,966
Cost of revenues 1,806,022 1,008,703 4,183,719 3,322,639
Gross profit 84,415 1,302,845 1,603,449 4,239,327
Operating expenses        
General and administrative 983,428 1,245,085 3,088,588 3,491,855
Sales and marketing 614,600 978,968 1,778,371 2,987,411
Engineering, research, and development 784,804 678,209 2,360,863 2,076,194
Impairment of intangible asset 238,143 0 238,143 8,286
Depreciation and amortization 118,317 182,663 353,050 524,474
Total operating expenses 2,739,292 3,084,925 7,819,015 9,088,220
Loss from operations (2,654,877) (1,782,080) (6,215,566) (4,848,893)
Other income/(expense)        
Interest income 0 0 0 5
Other Income 0 891,103 0 891,103
Interest expense (193,501) (88,331) (520,454) (144,714)
Loss on disposal of fixed assets 0 0 0 (880)
Foreign currency gain (loss) (339) (4,329) 2,470 (6,577)
Total other income/(expense) (193,840) 798,443 (517,984) 738,937
Loss before income taxes (2,848,717) (983,637) (6,733,550) (4,109,956)
Income tax expense 0 0 0 0
Net loss (2,848,717) (983,637) (6,733,550) (4,109,956)
Other comprehensive loss, net of income tax        
Foreign currency translation adjustment (76,228) (13,150) (76,862) (22,391)
Comprehensive loss $ (2,924,945) $ (996,787) $ (6,810,412) $ (4,132,347)
Net loss per share:        
Basic (in dollars per share) $ (0.05) $ (0.02) $ (0.12) $ (0.07)
Diluted (in dollars per share) $ (0.05) $ (0.02) $ (0.12) $ (0.07)
Weighted average number of shares:        
Basic (in shares) 60,297,083 55,410,695 58,544,432 55,410,695

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