Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.20.1
Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues, net of allowances    
Total revenues, net of allowances $ 3,909,512 $ 5,022,471
Cost of Goods Sold    
Total cost of goods sold 2,387,743 3,844,757
Gross profit 1,521,769 1,177,714
Operating expenses:    
Selling, general and administrative expenses 4,503,825 2,729,542
Research and development 524,166 463,595
Total operating expenses 5,027,991 3,193,137
Loss from operations (3,506,222) (2,015,423)
Other income (expense)    
Interest expense (248,437) (82,263)
Change in fair value of warrant derivative 2,597,899
Total other income (expense) (248,437) 2,515,636
Net income (loss) (3,754,659) 500,213
Redemption of Series D Preferred Stock deemed dividend (1,295,294)
Common stock deemed dividend (2,137,190)
Net loss attributable to common stockholders $ (5,049,953) $ (1,636,977)
Basic net income (loss) per share $ (0.43) $ (1.40)
Basic weighted average common shares outstanding 8,679,959 1,169,338
Diluted net income (loss) per common share $ (0.43) $ (2.50)
Diluted weighted average common shares outstanding 8,679,959 1,671,900
Metal Goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances $ 2,082,780 $ 1,641,272
Cost of Goods Sold    
Total cost of goods sold 1,360,513 1,293,671
Soft Goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 1,826,732 3,381,199
Cost of Goods Sold    
Total cost of goods sold $ 1,027,230 $ 2,551,086