Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Revenue, net $ 6,753,000 $ 3,234,000
COST OF GOODS SOLD 429,000 1,007,000
GROSS PROFIT 6,324,000 2,227,000
OPERATING EXPENSES    
Research and development 289,000 466,000
Selling 2,317,000 1,460,000
General and administrative 4,883,000 3,369,000
Total operating expenses 7,489,000 5,295,000
LOSS FROM OPERATIONS (1,165,000) (3,068,000)
OTHER INCOME (EXPENSE)    
Change in fair value of warrant derivative liabilities (14,000) 748,000
Change in fair value of conversion feature derivative, notes payable 89,000 3,080,000
Realized loss on investment in convertible bond   (133,000)
Net loss on equity method investment (527,000) (566,000)
Foreign exchange loss (519,000) (1,191,000)
Interest and other income 160,000 222,000
Interest expense (1,502,000) (737,000)
Total other income (expense) (2,313,000) 1,423,000
LOSS BEFORE INCOME TAXES (3,478,000) (1,645,000)
Income tax provision (benefit) 49,000 (103,000)
NET LOSS (3,527,000) (1,542,000)
COMPONENTS OF OTHER COMPREHENSIVE LOSS    
Unrealized gain (loss) on debt securities available for sale (net of tax) (544,000) 350,000
Reclassification adjustment for gain included in net income   7,000
Foreign currency translation adjustments 186,000 331,000
Other comprehensive income (loss) (358,000) 688,000
COMPREHENSIVE LOSS $ (3,885,000) $ (854,000)
EARNINGS (NET LOSS) PER COMMON SHARE - BASIC $ (0.07) $ (0.03)
EARNINGS (NET LOSS) PER COMMON SHARE - DILUTED $ (0.07) $ (0.03)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC 50,709,627 49,311,864
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED 50,709,627 49,311,864