v3.26.3
Note 11 - Segment Information (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated [Table Text Block]

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Revenues

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Equipment revenue

 

$

168,970

 

 

$

8,461

 

 

$

186,287

 

 

$

29,272

 

Consumable revenue

 

 

2,467

 

 

 

4,971

 

 

 

(32,715

)

 

 

139,957

 

Service revenue

 

 

16,372

 

 

 

21,359

 

 

 

58,880

 

 

 

62,437

 

Total Revenues

 

 

187,809

 

 

 

34,791

 

 

 

212,452

 

 

 

231,666

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Costs and expenses

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Cost of goods sold

 

 

615,830

 

 

 

701,987

 

 

 

2,010,471

 

 

 

1,513,681

 

Sales expenses

 

 

811,930

 

 

 

652,484

 

 

 

2,232,046

 

 

 

1,967,280

 

Marketing expenses

 

 

687,726

 

 

 

448,107

 

 

 

2,087,175

 

 

 

1,338,004

 

Clinical research expenses

 

 

854,921

 

 

 

562,065

 

 

 

3,060,795

 

 

 

1,699,353

 

Regulatory affairs and quality assurance expenses

 

 

1,175,225

 

 

 

777,474

 

 

 

3,014,853

 

 

 

2,448,428

 

Other research and development expenses

 

 

2,226,633

 

 

 

1,238,247

 

 

 

5,917,384

 

 

 

4,192,812

 

General and administrative expenses

 

 

1,989,349

 

 

 

1,423,632

 

 

 

5,798,844

 

 

 

3,953,429

 

Total Costs and Expenses

 

 

8,361,614

 

 

 

5,803,996

 

 

 

24,121,568

 

 

 

17,112,987

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Loss from Operations

 

 

(8,173,805

)

 

 

(5,769,205

)

 

 

(23,909,116

)

 

 

(16,881,321

)

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Other income (expense)

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Interest income

 

 

528,798

 

 

 

380,729

 

 

 

1,172,944

 

 

 

862,621

 

Foreign currency exchange gain

 

 

306,120

 

 

 

95,296

 

 

 

25,096

 

 

 

1,254,790

 

Other income (expense)

 

 

4,429,259

 

 

 

1,799,093

 

 

 

(5,337,324

)

 

 

(1,871,530

)

Total Other Income (Expense)

 

 

5,264,177

 

 

 

2,275,118

 

 

 

(4,139,284

)

 

 

245,881

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Net loss

 

$

(2,909,628

)

 

$

(3,494,087

)

 

$

(28,048,400

)

 

$

(16,635,440

)

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Europe

 

$

69,627

 

 

$

34,791

 

 

$

94,270

 

 

$

231,666

 

U.S.

 

 

118,182

 

 

 

-

 

 

 

118,182

 

 

 

-

 

Total revenue by geography

 

$

187,809

 

 

$

34,791

 

 

$

212,452

 

 

$

231,666

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

U.S.

 

$

118,182

 

 

$

-

 

 

$

118,182

 

 

$

-

 

Germany

 

 

8,630

 

 

 

13,742

 

 

 

61,967

 

 

 

76,256

 

Hungary

 

 

6,408

 

 

 

5,313

 

 

 

19,521

 

 

 

15,126

 

Netherlands

 

 

54,589

 

 

 

15,736

 

 

 

12,782

 

 

 

140,284

 

 

 

$

187,809

 

 

$

34,791

 

 

$

212,452

 

 

$

231,666

 

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

 

 

September 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

U.S.

 

$

1,576,952

 

 

$

1,121,585

 

Germany

 

 

146,077

 

 

 

175,111

 

Other foreign countries

 

 

218,690

 

 

 

241,764

 

 

 

$

1,941,719

 

 

$

1,538,460