v3.20.2
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 11,625,327 $ 14,886,236 $ 24,984,964 $ 24,944,135
Cost of revenue 8,300,132 9,473,078 18,264,082 17,119,354
Gross profit 3,325,195 5,413,158 6,720,882 7,824,781
Operating expenses:        
General and administrative 1,877,358 2,234,084 4,391,423 4,278,019
Impairment of goodwill   1,697,394   1,697,394
Marketing and selling 845,098 1,237,003 2,034,449 2,374,936
Research and development 1,008,625 1,225,157 2,212,050 2,487,121
Total operating expenses 3,731,081 6,393,638 8,637,922 10,837,470
Loss from operations (405,886) (980,480) (1,917,040) (3,012,689)
Other income (expense):        
Interest income 99,343 10,168 123,980 13,275
Interest expense (150,186) (53,013) (218,970) (59,281)
Other income (expense), net 3,056 (13,236) (4,973) (24,507)
Total other income (expense), net (47,787) (56,081) (99,963) (70,513)
Loss before income taxes (453,673) (1,036,561) (2,017,003) (3,083,202)
(Benefit) provision for income taxes (441,511) 558,072 (908,809) (543,839)
Net loss attributable to common stockholders $ (12,162) $ (1,594,633) $ (1,108,194) $ (2,539,363)
Net loss per share attributable to common stockholders:        
Basic $ 0.00 $ (0.11) $ (0.07) $ (0.18)
Diluted $ 0.00 $ (0.11) $ (0.07) $ (0.18)
Weighted average common shares outstanding:        
Basic 16,488,325 14,442,291 16,410,660 14,341,560
Diluted 16,488,325 14,442,291 16,410,660 14,341,560

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