v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
REVENUES, NET $ 6,489,000 $ 4,360,000 $ 11,824,000 $ 11,314,000
COST OF GOODS SOLD 430,000 446,000 866,000 924,000
GROSS PROFIT 6,059,000 3,914,000 10,958,000 10,390,000
OPERATING EXPENSES        
Research and development 753,000 589,000 2,562,000 1,206,000
Selling 1,453,000 1,135,000 2,736,000 2,203,000
General and administrative 3,370,000 3,725,000 6,792,000 7,382,000
Total operating expenses 5,576,000 5,449,000 12,090,000 10,791,000
INCOME (LOSS) FROM OPERATIONS 483,000 (1,535,000) (1,132,000) (401,000)
OTHER INCOME (EXPENSE)        
Loss on debt extinguishment   (1,425,000) (1,172,000) (1,425,000)
Change in fair value of warrant derivative liabilities 338,000 (101,000) (191,000) (76,000)
Change in fair value of conversion feature derivative, notes payable 2,563,000 35,000 225,000 6,000
Net gain on investment in marketable securities   (5,631,000)   1,208,000
Net losses on equity method investment (582,000) (573,000) (1,336,000) (980,000)
Foreign exchange loss (43,000) (1,000) (1,175,000)  
Interest and other income 191,000 568,000 381,000 600,000
Interest expense (653,000) (1,309,000) (1,707,000) (3,109,000)
Total other income (expense) 1,814,000 (8,437,000) (4,975,000) (3,776,000)
INCOME (LOSS) BEFORE INCOME TAXES 2,297,000 (9,972,000) (6,107,000) (4,177,000)
INCOME TAXES (BENEFIT) (192,000) (499,000) (174,000) (213,000)
NET INCOME (LOSS) 2,489,000 (9,473,000) (5,933,000) (3,964,000)
COMPONENTS OF OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized gain on debt securities available for sale (net of tax) 546,000   604,000  
Foreign currency translation adjustments (8,000) (33,000) 157,000 28,000
Other comprehensive income (loss) 538,000 (33,000) 761,000 28,000
COMPREHENSIVE INCOME (LOSS) $ 3,027,000 $ (9,506,000) $ (5,172,000) $ (3,936,000)
EARNINGS (NET LOSS) PER COMMON SHARE - BASIC and DILUTED $ 0.05 $ (0.19) $ (0.12) $ (0.08)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 49,311,864 48,987,189 49,193,474 48,805,829

Source