v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Total Revenues $ 3,617,142 $ 648,668 $ 5,056,458 $ 2,803,422
COST OF REVENUES:        
Total Cost of Revenues 2,334,528 918,427 3,551,778 2,570,209
GROSS MARGIN 1,282,614 (269,759) 1,504,680 233,213
OPERATING EXPENSES:        
Sales and marketing 375,986 351,251 659,880 663,053
Research and development 530,339 468,561 967,056 876,656
General and Administration 1,770,764 1,858,896 3,913,837 3,464,272
Total Operating Expenses 2,677,089 2,678,708 5,540,773 5,003,981
LOSS FROM OPERATIONS (1,394,475) (2,948,468) (4,036,093) (4,770,768)
OTHER INCOME (EXPENSES):        
Interest expense (2,706) (5,541) (5,886) (11,761)
Other income, net 54,509 1,129 54,691 1,423,626
Total Other Income (Expenses) 51,803 (4,412) 48,805 1,411,865
NET LOSS $ (1,342,672) $ (2,952,880) $ (3,987,288) $ (3,358,903)
Basic Net Loss Per Share $ (0.22) $ (0.83) $ (0.70) $ (0.95)
Diluted Net Loss Per Share $ (0.22) $ (0.83) $ (0.70) $ (0.95)
Weighted Average Shares - Basic 6,096,541 3,553,718 5,727,133 3,544,579
Weighted Average Shares - Diluted 6,096,541 3,553,718 5,727,133 3,544,579
Product [Member]        
REVENUES:        
Total Revenues $ 2,780,045 $ 100,401 $ 3,563,314 $ 1,590,699
COST OF REVENUES:        
Total Cost of Revenues 1,974,302 506,128 2,839,790 1,799,738
Service, Other [Member]        
REVENUES:        
Total Revenues 837,097 548,267 1,493,144 1,212,723
COST OF REVENUES:        
Total Cost of Revenues $ 360,226 $ 412,299 $ 711,988 $ 770,471

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