Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.8.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Product leases and royalties $ 3,830,351 $ 3,190,823 $ 10,955,055 $ 9,229,815
Product sales and service 69 1,146 9,469 10,425
Total revenue 3,830,420 3,191,969 10,964,524 9,240,240
Costs and expenses:        
Cost of ancillary products and assembled components 50,369 26,763 133,517 78,075
Selling, general and administrative 2,362,601 1,553,556 6,808,659 4,819,373
Research and development 139,185 89,513 403,618 270,734
Depreciation and amortization 440,130 419,540 1,323,772 1,252,860
Share-based compensation 384,925 41,075 553,313 91,006
Total costs and expenses 3,377,210 2,130,447 9,222,879 6,512,048
Income from operations 453,210 1,061,522 1,741,645 2,728,192
Other income (expense):        
Settlement income   697,214   697,214
Interest expense (432,466) (227,632) (1,316,045) (741,045)
Loss on extinguishment of debt   (515,037)   (515,037)
Foreign currency exchange gains (losses) 59,624 (5,926) 125,576 354,301
Change in estimated fair value of warrant liability (86,308) 2,933 (409,717) 2,933
Interest income   56   202
Total other expense (459,150) (48,392) (1,600,186) (201,432)
(Loss) income before provision for income taxes (5,940) 1,013,130 141,459 2,526,760
Provision for income taxes (21,990) (351,412) (86,881) (873,768)
Net (loss) income $ (27,930) $ 661,718 $ 54,578 $ 1,652,992
Net (loss) income per share, basic and diluted $ 0.00 $ 0.02 $ 0.00 $ 0.04
Weighted-average shares outstanding:        
Basic 39,432,982 39,315,591 39,368,521 39,372,944
Diluted 39,432,982 39,465,676 41,216,750 39,559,494