v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 4,749,330 $ 663,972 $ 9,032,339 $ 5,158,289
Costs and expenses:        
Cost of ancillary products and assembled components 19,599 7,902 33,903 29,713
Selling, general and administrative 2,532,655 2,438,635 5,243,707 5,430,688
Research and development 129,859 138,599 248,560 294,252
Depreciation and amortization 720,488 454,485 1,437,742 924,291
Share-based compensation 441,444 176,669 758,084 334,265
Total costs and expenses 3,844,045 3,216,290 7,721,996 7,013,209
Income (loss) from operations 905,285 (2,552,318) 1,310,343 (1,854,920)
Other income (expense):        
Interest income 388 2,126 771 23,900
Interest expense (140,142) (177,170) (321,052) (344,841)
Share redemption consideration (195,482) (195,482) (390,964) (390,964)
Foreign currency exchange gain (loss) 11,355 11,302 2,271 (115,989)
Change in fair value of interest rate swap liability 16,187 42,483 66,009 (33,680)
Total other expense (307,694) (316,741) (642,965) (861,574)
Income (loss) before (provision) benefit for income taxes 597,591 (2,869,059) 667,378 (2,716,494)
(Provision) benefit for income taxes (47,136) 662,477 (28,186) 626,515
Net income (loss) 550,455 (2,206,582) 639,192 (2,089,979)
Foreign currency translation adjustment 21,207   (58,000)  
Comprehensive income (loss) $ 571,662 $ (2,206,582) $ 581,192 $ (2,089,979)
Net income (loss) per share:        
Basic $ 0.03 $ (0.12) $ 0.03 $ (0.12)
Diluted $ 0.03 $ (0.12) $ 0.03 $ (0.12)
Weighted-average shares outstanding:        
Basic 18,952,464 18,247,266 18,895,658 18,135,013
Diluted 20,741,009 18,247,266 20,512,648 18,135,013
Licensing Fees        
Revenue:        
Total revenue $ 4,749,330 $ 663,972 $ 9,032,339 $ 5,158,289

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