Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations and Comprehensive Loss

v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue:    
Total revenue $ 31,737,466 $ 27,789,084
Costs and expenses:    
Cost of ancillary products and assembled components 1,509,776 1,263,271
Selling, general and administrative 19,685,457 15,676,628
Research and development 1,057,183 823,189
Depreciation and amortization 2,863,507 2,274,461
Stock-based compensation 919,649 1,021,953
Total costs and expenses 26,035,572 21,059,502
Income from operations 5,701,894 6,729,582
Other income (expense):    
Interest income 780,933 611,271
Interest expense (9,066,203) (9,063,112)
Foreign currency exchange gain (loss) 13,913 (6,099)
Total other expense, net (8,271,357) (8,457,940)
Loss before income taxes (2,569,463) (1,728,358)
Provision for income taxes (57,647) (79,228)
Net loss (2,627,110) (1,807,586)
Foreign currency translation adjustment (159,539) 51,612
Comprehensive loss $ (2,786,649) $ (1,755,974)
Net loss per share:    
Basic $ (0.1) $ (0.07)
Diluted $ (0.1) $ (0.07)
Weighted-average shares outstanding:    
Basic 25,715,409 25,542,214
Diluted 25,715,409 25,542,214
Licensing Fees    
Revenue:    
Total revenue $ 31,737,466 $ 27,789,084