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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Product sales $ 495,477 $ 452,167 $ 765,006 $ 1,188,957
EXPENSES        
Personnel 834,878 887,506 2,526,700 3,075,170
Cost of products sold (exclusive of direct and indirect overhead and handling costs) 38,767 33,032 68,872 123,163
Research and development 3,469,067 2,856,160 10,037,433 5,814,595
Repairs and maintenance 847 2,177 9,162 10,175
Professional fees 597,095 611,685 1,494,332 1,673,582
Office and other 220,607 204,654 775,922 790,441
Board of Directors fees and costs 95,560 98,126 243,143 314,382
Depreciation 4,819 5,129 14,457 14,611
Freight and shipping 1,297 2,198 2,519 11,819
Total operating expenses 5,262,937 4,700,667 15,172,540 11,827,938
LOSS FROM OPERATIONS (4,767,460) (4,248,500) (14,407,534) (10,638,981)
OTHER INCOME (EXPENSE)        
Investment and other income (3,893) 1,620 (7,359) 9,996
Gain on forgiveness of PPP loan     (0) 158,524
Total other income (expense), net (3,893) 1,620 (7,359) 168,520
LOSS BEFORE INCOME TAXES (4,771,353) (4,246,880) (14,414,893) (10,470,461)
PROVISION FOR INCOME TAXES 0 0 0 0
NET LOSS $ (4,771,353) $ (4,246,880) $ (14,414,893) $ (10,470,461)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.29) $ (50) $ (1.00) $ (1.24)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 16,191,723 8,447,630 14,394,920 8,428,074
Paycheck Protection Program CARES Act [Member]        
OTHER INCOME (EXPENSE)        
Gain on forgiveness of PPP loan $ 0 $ 0 $ 0 $ 158,524