Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue, net $ 946,000 $ 1,581,000 $ 1,512,000 $ 2,734,000
Cost of revenue 758,000 1,122,000 1,262,000 1,980,000
Gross profit 188,000 459,000 250,000 754,000
Operating Expenses:        
Research and development 1,883,000 1,305,000 3,420,000 2,478,000
Sales and marketing 1,326,000 975,000 2,626,000 1,849,000
General and administrative 1,082,000 988,000 2,208,000 1,956,000
Total operating expenses 4,291,000 3,268,000 8,254,000 6,283,000
Loss from operations (4,103,000) (2,809,000) (8,004,000) (5,529,000)
Interest expense 0 (3,000) (1,000) (6,000)
Other expense (3,000) (5,000) (5,000) (7,000)
Warrant inducement expense 0 (579,000) 0 (1,146,000)
Loss before provision for income taxes (4,106,000) (3,396,000) (8,010,000) (6,688,000)
Provision for income taxes 2,000 2,000 2,000 2,000
Net loss (4,108,000) (3,398,000) (8,012,000) (6,690,000)
Convertible preferred stock dividend 0 (14,000) 0 (34,000)
Deemed dividend on exchange of convertible preferred stock for common stock 0 (1,192,000) 0 (1,192,000)
Net loss attributable to common stockholders $ (4,108,000) $ (4,604,000) $ (8,012,000) $ (7,916,000)
Net loss per common share - Basic $ (0.27) $ (0.42) $ (0.54) $ (0.76)
Net loss per common share - Diluted $ (0.27) $ (0.42) $ (0.54) $ (0.76)
Weighted average number of common shares used in computing net loss per common share - Basic 15,023,333 10,862,074 14,926,647 10,423,469
Weighted average number of common shares used in computing net loss per common share - Diluted 15,023,333 10,862,074 14,926,647 10,423,469