Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenues $ 2,457,590 $ 4,549,992
Cost of revenues 1,041,795 1,584,402
Gross profit 1,415,795 2,965,590
Operating expenses    
General and administrative 1,289,370 1,246,794
Sales and marketing 896,750 807,999
Engineering, research, and development 723,950 1,677,442
Impairment of intangible assets 8,286  
Depreciation and amortization 158,227 173,937
Total operating expenses 3,076,583 3,906,172
Loss from operations (1,660,788) (940,582)
Other income/(expense)    
Interest income 5 837
Interest expense (32,516) (77,189)
Foreign currency gain (loss) (474) 1,155
Total other income/(expense) (32,985) (75,197)
Loss before income taxes (1,693,773) (1,015,779)
Net loss per share (1,693,773) (1,015,779)
Other comprehensive loss, net of income tax    
Foreign currency translation adjustments (9,678) (13,081)
Comprehensive loss $ (1,703,451) $ (1,028,860)
Net loss per share:    
Basic and Diluted $ (0.03) $ (0.02)
Weighted average number of shares:    
Basic and Diluted 55,410,695 51,435,084