v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
|
12 Months Ended |
|
|
REVENUES: |
|
|
Net sales |
$ 27,053,773 |
$ 7,760,446 |
OPERATING COSTS AND EXPENSES: |
|
|
Cost of products sold |
5,188,378 |
3,357,909 |
Research and development expenses |
2,884,546 |
2,976,313 |
Selling, general and administrative expenses |
20,970,687 |
11,181,437 |
Impairment of intangible assets |
1,798,495 |
0 |
Fair value adjustment of earn-out liability |
1,567,050 |
5,803 |
LOSS FROM OPERATIONS |
(5,355,383) |
(9,761,016) |
OTHER INCOME (EXPENSE), net |
|
|
Amortization of debt discount |
(1,714,101) |
(315,152) |
Interest expense, net |
(592,892) |
(117,818) |
LOSS BEFORE INCOME TAXES |
(7,662,376) |
(10,193,986) |
Income taxes |
0 |
0 |
NET LOSS |
$ (7,662,376) |
$ (10,193,986) |
Net loss per common share |
|
|
Basic and diluted (in dollars per share) |
$ (0.09) |
$ (0.14) |
Shares used in computing net loss per common share |
|
|
Basic and diluted (in shares) |
81,646,295 |
72,450,337 |
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