v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue, net $ 937,000 $ 1,807,000 $ 2,449,000 $ 4,541,000
Cost of revenue 807,000 1,301,000 2,069,000 3,281,000
Gross profit 130,000 506,000 380,000 1,260,000
Operating Expenses:        
Research and development 1,939,000 1,322,000 5,359,000 3,800,000
Sales and marketing 1,539,000 1,021,000 4,165,000 2,870,000
General and administrative 1,400,000 1,081,000 3,608,000 3,037,000
Total operating expenses 4,878,000 3,424,000 13,132,000 9,707,000
Loss from operations (4,748,000) (2,918,000) (12,752,000) (8,447,000)
Interest expense (173,000) (3,000) (174,000) (9,000)
Change in fair value of warrant liability 274,000 0 274,000 0
Gain on forgiveness of Paycheck Protection Program loan 0 859,000 0 859,000
Other (expense) income (2,000) 1,000 (7,000) (6,000)
Warrant inducement expense 0 0 0 (1,146,000)
Loss before provision for income taxes (4,649,000) (2,061,000) (12,659,000) (8,749,000)
Provision for income taxes 0 0 2,000 2,000
Net loss (4,649,000) (2,061,000) (12,661,000) (8,751,000)
Convertible preferred stock dividend 0 0 0 (34,000)
Deemed dividend on exchange of convertible preferred stock for common stock 0 0 0 (1,192,000)
Net loss attributable to common stockholders $ (4,649,000) $ (2,061,000) $ (12,661,000) $ (9,977,000)
Net loss per common share - Basic $ (0.31) $ (0.15) $ (0.85) $ (0.86)
Net loss per common share - Diluted $ (0.31) $ (0.15) $ (0.85) $ (0.86)
Weighted average number of common shares used in computing net loss per common share - Basic 15,070,489 13,917,295 14,975,121 11,600,875
Weighted average number of common shares used in computing net loss per common share - Diluted 15,070,489 13,917,295 14,975,121 11,600,875

Source