v3.26.1
Note 11 - Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated [Table Text Block]

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Equipment revenue

 

$

8,782

 

 

$

13,247

 

 

$

17,317

 

 

$

20,811

 

Consumable revenue

 

 

29,615

 

 

 

30,965

 

 

 

(35,182

)

 

 

134,986

 

Service revenue

 

 

22,134

 

 

 

20,951

 

 

 

42,508

 

 

 

41,078

 

Total Revenues

 

 

60,531

 

 

 

65,163

 

 

 

24,643

 

 

 

196,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

 

732,496

 

 

 

509,688

 

 

 

1,394,641

 

 

 

811,694

 

Sales expenses

 

 

704,356

 

 

 

691,215

 

 

 

1,420,116

 

 

 

1,314,796

 

Marketing expenses

 

 

942,586

 

 

 

435,646

 

 

 

1,399,449

 

 

 

889,897

 

Clinical research expenses

 

 

1,097,375

 

 

 

570,057

 

 

 

2,205,874

 

 

 

1,137,288

 

Regulatory affairs and quality assurance expenses

 

 

844,088

 

 

 

809,950

 

 

 

1,839,628

 

 

 

1,670,954

 

Other research and development expenses

 

 

1,734,253

 

 

 

1,477,173

 

 

 

3,690,751

 

 

 

2,954,566

 

General and administrative expenses

 

 

1,430,332

 

 

 

1,263,136

 

 

 

3,809,495

 

 

 

2,529,796

 

Total Costs and Expenses

 

 

7,485,486

 

 

 

5,756,865

 

 

 

15,759,954

 

 

 

11,308,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from Operations

 

 

(7,424,955

)

 

 

(5,691,702

)

 

 

(15,735,311

)

 

 

(11,112,116

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

377,533

 

 

 

369,804

 

 

 

644,146

 

 

 

481,892

 

Foreign currency exchange (loss) gain

 

 

(683,434

)

 

 

1,285,261

 

 

 

(281,024

)

 

 

1,159,493

 

Other income (expense)

 

 

349,095

 

 

 

(3,758,685

)

 

 

(9,766,583

)

 

 

(3,670,622

)

Total Other Income (Expense)

 

 

43,194

 

 

 

(2,103,620

)

 

 

(9,403,461

)

 

 

(2,029,237

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(7,381,761

)

 

$

(7,795,322

)

 

$

(25,138,772

)

 

$

(13,141,353

)

Segment Reporting, Reconciliation of Revenue by Segment to Consolidated [Table Text Block]

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe

 

$

60,531

 

 

$

65,163

 

 

$

24,643

 

 

$

196,875

 

Total revenue by geography

 

$

60,531

 

 

$

65,163

 

 

$

24,643

 

 

$

196,875

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

$

36,664

 

 

$

36,971

 

 

$

53,336

 

 

$

62,514

 

Hungary

 

 

5,848

 

 

 

5,127

 

 

 

13,113

 

 

 

9,814

 

Netherlands

 

 

18,019

 

 

 

23,065

 

 

 

(41,806

)

 

 

124,547

 

 

 

$

60,531

 

 

$

65,163

 

 

$

24,643

 

 

$

196,875

 

Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

U.S.

 

$

1,595,652

 

 

$

1,121,585

 

Germany

 

 

152,535

 

 

 

175,111

 

Other foreign countries

 

 

343,257

 

 

 

241,764

 

 

 

$

2,091,444

 

 

$

1,538,460