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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
REVENUES, NET $ 5,601,000 $ 5,760,000 $ 16,915,000 $ 15,960,000
COST OF GOODS SOLD 484,000 248,000 1,408,000 771,000
GROSS PROFIT 5,117,000 5,512,000 15,507,000 15,189,000
OPERATING EXPENSES        
Research and development 629,000 725,000 1,835,000 1,778,000
Selling 1,324,000 1,778,000 3,527,000 5,148,000
General and administrative 3,156,000 7,056,000 10,538,000 13,475,000
Total operating expenses 5,109,000 9,559,000 15,900,000 20,401,000
INCOME (LOSS) FROM OPERATIONS 8,000 (4,047,000) (393,000) (5,212,000)
OTHER INCOME (EXPENSE)        
Loss on debt extinguishment   (438,000) (1,425,000) (438,000)
Change in fair value of warrant derivative liabilities 745,000 3,576,000 669,000 3,492,000
Change in fair value of embedded conversion option 45,000 131,000 51,000 131,000
Net gain (loss) on investment in marketable securities 6,464,000 (5,248,000) 7,672,000 (22,242,000)
Gain (loss) on equity method investment (494,000) 36,000 (1,474,000) (413,000)
Miscellaneous reverse merger costs   (309,000)   (309,000)
Notes conversion costs   (3,341,000)   (3,341,000)
Interest and other income 718,000 18,000 1,318,000 248,000
Interest expense (1,608,000) (8,714,000) (4,717,000) (25,153,000)
Total other income (expense) 5,870,000 (14,289,000) 2,094,000 (48,025,000)
INCOME (LOSS) BEFORE INCOME TAXES 5,878,000 (18,336,000) 1,701,000 (53,237,000)
INCOME TAXES 293,000 56,000 80,000 159,000
NET INCOME (LOSS) 5,585,000 (18,392,000) 1,621,000 (53,396,000)
COMPONENTS OF OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments (35,000) 5,000 (7,000) 18,000
Other comprehensive income (loss) (35,000) 5,000 (7,000) 18,000
COMPREHENSIVE INCOME (LOSS) $ 5,550,000 $ (18,387,000) $ 1,614,000 $ (53,378,000)
NET INCOME (LOSS) PER COMMON SHARE - BASIC and DILUTED $ 0.11 $ (0.40) $ 0.03 $ (1.32)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 48,987,189 46,004,942 48,866,724 40,469,601