Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
REVENUES, NET $ 6,954,000 $ 4,707,000
COST OF GOODS SOLD 478,000 259,000
GROSS PROFIT 6,476,000 4,448,000
OPERATING EXPENSES    
Research and development 617,000 513,000
Selling 1,068,000 1,479,000
General and administrative 3,657,000 3,737,000
Total operating expenses 5,342,000 5,729,000
INCOME (LOSS) FROM OPERATIONS 1,134,000 (1,281,000)
OTHER INCOME (EXPENSE)    
Change in fair value of warrant derivative liabilities 25,000 (938,000)
Change in fair value of embedded conversion option (29,000)  
Net gains (losses) on investment in marketable securities 6,839,000 (6,457,000)
Gain (loss) on equity method investment (407,000) 9,000
Interest and other income (loss) 33,000 (77,000)
Interest expense (1,800,000) (8,612,000)
Total other income (expense) 4,661,000 (16,075,000)
INCOME (LOSS) BEFORE INCOME TAXES 5,795,000 (17,356,000)
INCOME TAXES 286,000 52,000
NET INCOME (LOSS) 5,509,000 (17,408,000)
COMPONENTS OF OTHER COMPREHENSIVE INCOME    
Foreign currency translation adjustments 61,000 7,000
Other comprehensive income 61,000 7,000
COMPREHENSIVE INCOME (LOSS) $ 5,570,000 $ (17,401,000)
EARNINGS (NET LOSS) PER COMMON SHARE - BASIC AND DILUTED $ 0.11 $ (0.46)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 48,624,469 37,473,431