v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues, net $ 88,132 $ 35,176 $ 313,583 $ 83,180
Cost of goods sold 15,185 6,427 71,133 14,985
Gross profit 72,947 28,749 242,450 68,195
Operating expenses:        
General and administration 1,036,013 612,343 3,874,186 1,159,997
Sales and marketing 1,174,293 601,826 4,728,505 1,142,986
Research and development 1,250,736 887,039 4,411,266 1,718,869
Total operating expense 3,461,042 2,101,208 13,013,957 4,021,852
Operating loss (3,388,095) (2,072,459) (12,771,507) (3,953,657)
Other income (expense)        
Interest expense (615,518) (1,618,834) (1,891,802) (2,169,906)
Impairment of deferred offering costs and financing costs associated with canceled financing efforts (1,208,063) (1,478,695)
Change in fair value of derivative liability   (975,902)
Gain on conversion of debt (44,348) (44,348)
Interest income 102 6,606 1,769 13,416
Other income 7,915 12,223
Total other income (expense) (1,815,564) (1,656,576) (3,356,505) (3,176,740)
Loss before provision for income taxes (5,203,659) (3,729,035) (16,128,012) (7,130,397)
Provision for income taxes
Net loss $ (5,203,659) $ (3,729,035) $ (16,128,012) $ (7,130,397)
Net loss per share - basic and diluted (in dollars per share) $ (0.10) $ (0.16) $ (0.32) $ (0.34)
Weighted average number of common shares outstanding, basic and diluted (in shares) 50,542,841 24,033,664 50,554,113 21,135,819

Source