v3.21.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Total revenue $ 10,230,316 $ 21,300,996
Costs and expenses:    
Cost of ancillary products and assembled components 72,684 230,462
Selling, general and administrative 8,964,930 13,295,475
Research and development 487,679 821,127
Depreciation and amortization 2,222,042 1,953,560
Share-based compensation 737,991 927,696
Total costs and expenses 12,485,326 17,228,320
(Loss) income from operations (2,255,010) 4,072,676
Other income (expense):    
Interest income 25,702 68,634
Interest expense (683,357) (679,201)
Share redemption consideration (781,928) (510,775)
Foreign currency exchange (loss) gain (34,961) 46,375
Change in estimated fair value of interest rate swap liability 74,487 (44,315)
Paycheck Protection Program Loan forgiveness 840,243  
Total other expense (559,814) (1,119,282)
(Loss) income before benefit (provision) for income taxes (2,814,824) 2,953,394
Benefit (provision) for income taxes 605,937 (10,018)
Net (loss) income (2,208,887) 2,943,376
Foreign currency translation adjustment 37,691  
Comprehensive (loss) income $ (2,171,196) $ 2,943,376
Net (loss) income per share:    
Basic $ (0.12) $ 0.12
Diluted $ (0.12) $ 0.11
Weighted-average shares outstanding:    
Basic 18,282,262 25,521,232
Diluted 18,282,262 27,144,397
Licensing Fees    
Revenue:    
Total revenue $ 10,230,316 $ 21,300,996

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