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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Product sales $ 222,462 $ 285,914 $ 757,790 $ 779,835
EXPENSES        
Personnel 424,823 520,666 1,328,156 1,241,742
Cost of products sold (exclusive of direct and indirect overhead and handling costs) 11,578 25,971 50,958 62,830
Research and development 1,086,753 941,539 4,859,794 3,071,113
Repairs and maintenance 1,408 1,232 4,521 4,215
Professional fees 72,319 151,749 435,282 613,000
Office and other 48,202 233,555 306,387 583,692
Board of Directors fees and costs 9,718 37,008 38,434 101,704
Depreciation 3,117 1,292 9,353 4,261
Freight and shipping 543 1,527 3,575 3,977
Bad debt expense 1,272
Total operating expenses 1,658,461 1,914,539 7,037,732 5,686,534
LOSS FROM OPERATIONS (1,435,999) (1,628,625) (6,279,942) (4,906,699)
OTHER INCOME        
Investment and other income 390 3,284 17,949 9,181
LOSS BEFORE INCOME TAXES (1,435,609) (1,625,341) (6,261,993) (4,897,518)
PROVISION FOR INCOME TAXES
NET LOSS $ (1,435,609) $ (1,625,341) $ (6,261,993) $ (4,897,518)
BASIC AND FULLY DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.01) $ (0.01) $ (0.04) $ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 151,945,741 121,086,101 144,310,921 104,286,287