v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sales:        
Total Sales $ 2,180,007 $ 3,426,823 $ 11,062,203 $ 8,937,633
Cost of Sales:        
Cost of Sales - Depreciation and Amortization 232,891 221,772 723,745 676,720
Total Cost of Sales 2,417,551 2,558,602 9,451,356 7,328,335
Gross Profit (Loss) (237,544) 868,221 1,610,847 1,609,298
Operating Expenses:        
Research and Development 2,912,562 3,440,685 8,818,911 9,540,272
Selling and Marketing 2,832,031 1,980,748 7,881,612 5,895,332
General and Administrative 4,466,850 4,854,014 13,858,996 15,307,242
Depreciation and Amortization 959,353 510,099 2,896,840 1,149,046
Impairment of Patents and Trademarks 24,204 48,075 41,869 97,676
Total Operating Expenses 11,195,000 10,833,621 33,498,228 31,989,568
Loss From Operations (11,432,544) (9,965,400) (31,887,381) (30,380,270)
Other Income (Expense):        
Investment Income 500,067 572,721 1,824,773 690,028
Income and Other Taxes (21,715) (19,768) (144,930) (98,727)
Foreign Exchange Loss (28,816) (64,552) (60,973) (215,698)
Total Other Income, Net 449,536 488,401 1,618,870 375,603
Loss Before Provision for Income Taxes (10,983,008) (9,476,999) (30,268,511) (30,004,667)
Net Loss $ (10,983,008) $ (9,476,999) $ (30,268,511) $ (30,004,667)
Basic Loss per Common Share $ (0.17) $ (0.15) $ (0.48) $ (0.47)
Diluted Loss per Common Share $ (0.17) $ (0.15) $ (0.48) $ (0.47)
Weighted-average Shares Outstanding - Basic 63,324,942 63,776,154 63,257,863 63,724,982
Weighted-average Shares Outstanding - Diluted 63,324,942 63,776,154 63,257,863 63,724,982
Sales of Products        
Sales:        
Total Sales $ 1,371,851 $ 2,537,539 $ 9,988,374 $ 7,939,483
Cost of Sales:        
Cost of Sales 1,884,239 2,034,123 8,270,658 6,289,612
Sales of Engineering Services        
Sales:        
Total Sales 808,156 889,284 1,073,829 998,150
Cost of Sales:        
Cost of Sales $ 300,421 $ 302,707 $ 456,953 $ 362,003