v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Product revenue, net $ 2,544,000 $ 2,043,000 $ 4,850,000 $ 5,094,000
Operating costs and expenses:        
Cost of goods sold - product revenue 1,880,000 1,265,000 3,658,000 3,372,000
General and administrative 1,412,000 1,423,000 2,546,000 2,968,000
Sales and marketing 125,000 117,000 339,000 451,000
Research and development 4,000 (26,000) 10,000 (20,000)
Total operating costs and expenses 3,421,000 2,779,000 6,553,000 6,771,000
Loss from operations (877,000) (736,000) (1,703,000) (1,677,000)
Other income (expense):        
Interest expense (335,000) (156,000) (577,000) (339,000)
Debt extinguishment gain (loss) 99,000 (75,000) (51,000) (75,000)
Change in fair value of derivative liabilities 0 0 0 79,000
Gain on sale of intellectual property 6,500,000 0 6,500,000 0
Total other loss 6,264,000 (231,000) 5,873,000 (335,000)
Income (loss) before provision for income taxes 5,387,000 (967,000) 4,170,000 (2,012,000)
Income tax provision 426,000 (0) 426,000 (0)
Net loss $ 4,961,000 $ (967,000) $ 3,744,000 $ (2,012,000)
Net earnings (loss) per share        
Basic (in dollars per share) $ 0.02 $ 0 $ 0.01 $ (0.01)
Basic (in dollars per share) 0.02 0 0.01 (0.01)
Diluted (in dollars per share) 0.02 0 0.01 (0.01)
Diluted (in dollars per share) $ 0.02 $ 0 $ 0.01 $ (0.01)
Weighted average number of common shares outstanding        
Basic (in shares) 254,369,578 228,988,755 253,970,935 224,795,559
Basic (in shares) 254,369,578 228,988,755 253,970,935 224,795,559
Diluted (in shares) 281,983,635 228,988,755 281,584,992 224,795,559
Diluted (in shares) 281,983,635 228,988,755 281,584,992 224,795,559