v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Product revenue, net $ 3,802,000 $ 1,761,000 $ 8,606,000 $ 3,339,000
Cost of goods sold - product revenue 2,684,000 1,275,000 6,308,000 2,467,000
Gross profit 1,118,000 486,000 2,298,000 872,000
Operating costs and expenses:        
General and administrative 1,924,000 1,360,000 3,662,000 2,446,000
Sales and marketing 378,000 79,000 761,000 252,000
Research and development 50,000 1,000 84,000 7,000
Total operating costs and expenses 2,352,000 1,440,000 4,507,000 2,705,000
Loss from operations (1,234,000) (954,000) (2,209,000) (1,833,000)
Other income (expense):        
Interest expense (81,000) (333,000) (156,000) (574,000)
Debt extinguishment loss (347,000) 99,000 (347,000) (51,000)
Gain on sale of intellectual property 0 6,500,000 0 6,500,000
Total other income (loss) (428,000) 6,266,000 (503,000) 5,876,000
Loss before provision for income taxes (1,662,000) 5,312,000 (2,712,000) 4,043,000
Income tax provision 0 388,000 (0) 388,000
Income (loss) from continuing operations after income taxes (1,662,000) 4,924,000 (2,712,000) 3,655,000
Discontinued operations:        
Income from discontinued operations, net of tax 0 37,000 0 89,000
Net income (loss) $ (1,662,000) $ 4,961,000 $ (2,712,000) $ 3,744,000
Net earnings (loss) per share:        
Loss from continuing operations, basic and diluted (in dollars per share) $ (0.01) $ 0.02 $ (0.01) $ 0.01
Income from discontinued operations, basic and diluted (in dollars per share) 0 0 0 0
Net earnings (loss) per share, basic and diluted (in dollars per share) $ (0.01) $ 0.02 $ (0.01) $ 0.01
Weighted average number of common shares outstanding        
Basic (in shares) 274,065,042 254,369,578 271,113,773 253,970,935
Diluted (in shares) 274,065,042 281,983,635 271,113,773 281,584,992