Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
REVENUES:    
Total Revenues $ 15,012,366 $ 8,259,917
COST OF REVENUES:    
Total Cost of Revenues 10,264,263 6,220,373
GROSS MARGIN 4,748,103 2,039,544
OPERATING EXPENSES:    
Sales & marketing 1,337,186 1,233,851
Research & development 1,651,064 2,515,630
General & administration 8,625,002 5,747,014
Total Operating Expenses 11,613,252 9,496,495
LOSS FROM OPERATIONS (6,865,149) (7,456,951)
OTHER INCOME (EXPENSES):    
Interest expense (9,191) (20,268)
Other income, net 9,557 1,468,318
Total Other Income 366 1,448,050
NET LOSS $ (6,864,783) $ (6,008,901)
Net Loss Per Share - Basic $ (1.11) $ (1.63)
Net Loss Per Share - Diluted $ (1.11) $ (1.63)
Weighted Average Shares - Basic 6,175,193 3,694,293
Weighted Average Shares - Diluted 6,175,193 3,694,293
Product [Member]    
REVENUES:    
Total Revenues $ 11,190,292 $ 5,871,666
COST OF REVENUES:    
Total Cost of Revenues 8,376,649 4,728,197
Service, Other [Member]    
REVENUES:    
Total Revenues 3,822,074 2,388,251
COST OF REVENUES:    
Total Cost of Revenues $ 1,887,614 $ 1,492,176