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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Product sales $ 5,293,075 $ 2,963,411 $ 14,285,811 $ 7,887,377
Cost of product sales 1,606,303 1,095,724 4,506,911 2,980,965
Gross profit 3,686,772 1,867,687 9,778,900 4,906,412
Operating expenses        
Research and development 312,000 293,093 983,066 898,451
Sales and marketing 725,201 488,688 1,977,871 1,547,087
General and administrative 1,454,573 1,118,251 4,198,474 3,298,461
Total operating expenses 2,491,774 1,900,032 7,159,411 5,743,999
Operating income (loss) 1,194,998 (32,345) 2,619,489 (837,587)
Other income (expenses), net        
Interest income 79,773 103 120,728 227
Interest expense (1,313) (1,077) (3,545) (188,992)
Write-off of deferred financing costs (67,664) (67,664)
Amortization of debt discount (155,996)
Loss from equity-method investment in SAVSU (42,689) (217,735) (363,243) (707,208)
Total other income (expenses), net 35,771 (286,373) (246,060) (1,119,633)
Net income (loss) before provision for income taxes 1,230,769 (318,718) 2,373,429 (1,957,220)
Income taxes
Net income (loss) after provision for income taxes 1,230,769 (318,718) 2,373,429 (1,957,220)
Less: Preferred stock dividends (79,675) (106,250) (279,183) (106,250)
Net income (loss) attributable to common stockholders $ 1,151,094 $ (424,968) $ 2,094,246 $ (2,063,470)
Basic net income (loss) per common share (in dollars per share) $ 0.07 $ (0.03) $ 0.13 $ (0.16)
Diluted net income (loss) per common share (in dollars per share) $ 0.05 $ (0.03) $ 0.10 $ (0.16)
Weighted average shares outstanding used to compute basic earnings per share (in shares) 17,273,412 13,238,248 15,529,026 13,102,238
Weighted average shares outstanding used to compute diluted earnings per share (in shares) 23,656,633 13,238,248 21,051,219 13,102,238