v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue $ 663,972 $ 5,399,186 $ 5,158,289 $ 10,745,938
Revenue From Contract With Customer Product And Service Extensible List glxz:ProductLeaseRoyaltiesAndOtherMember glxz:ProductLeaseRoyaltiesAndOtherMember glxz:ProductLeaseRoyaltiesAndOtherMember glxz:ProductLeaseRoyaltiesAndOtherMember
Costs and expenses:        
Cost of ancillary products and assembled components $ 7,902 $ 46,945 $ 29,713 $ 129,336
Selling, general and administrative 2,438,635 2,939,841 5,430,688 6,480,710
Research and development 138,599 178,259 294,252 477,440
Depreciation and amortization 454,485 481,044 924,291 963,108
Share-based compensation 176,669 212,578 334,265 436,182
Total costs and expenses 3,216,290 3,858,667 7,013,209 8,486,776
Income (loss) from operations (2,552,318) 1,540,519 (1,854,920) 2,259,162
Other income (expense):        
Interest income 2,126 19,850 23,900 20,565
Interest expense (177,170) (169,541) (344,841) (337,555)
Share redemption consideration (195,482) (119,812) (390,964) (119,812)
Foreign currency exchange (loss) gain 11,302 (24,305) (115,989) 12,171
Change in estimated fair value of interest rate swap liability 42,483 (65,459) (33,680) (91,601)
Total other expense (316,741) (359,267) (861,574) (516,232)
Income before benefit (provision) for income taxes (2,869,059) 1,181,252 (2,716,494) 1,742,930
Benefit (provision) for income taxes 662,477 (126,309) 626,515 (227,323)
Net income (loss) $ (2,206,582) $ 1,054,943 $ (2,089,979) $ 1,515,607
Net income (loss) per share:        
Basic $ (0.12) $ 0.04 $ (0.12) $ 0.05
Diluted $ (0.12) $ 0.04 $ (0.11) $ 0.04
Weighted-average shares outstanding:        
Basic 18,247,266 26,354,946 18,135,013 33,323,925
Diluted 19,003,252 27,963,426 19,044,402 34,981,345

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