Income Statement

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total revenue $ 318 $ 318 $ 675 $ 548
Cost of goods sold 71 101 99 160
Gross profit 247 217 576 388
Operating expenses:        
Compensation and benefits 405 306 787 493
Selling, general, and administrative 1,741 1,719 2,653 1,882
Research and development 167 82 245 82
Total operating expenses 2,313 2,107 3,685 2,457
Loss from operations (2,066) (1,890) (3,109) (2,069)
Other income (expense):        
Change in fair value of derivative liability 148 283
Gain on extinguishment of derivative liability 286 286
Private placement costs (17)   (279)
Interest expense (217) (16) (406) (20)
Other income (expense), net 200 (16) (116) (20)
Net loss $ (1,866) $ (1,906) $ (3,225) $ (2,089)
Net loss per share, basic and diluted $ (0.03) $ (0.05) $ (0.06) $ (0.05)
Weighted average common shares outstanding - basic and diluted 58,728,752 39,223,665 57,512,526 39,211,943
Sales, Net [Member]        
Total revenue $ 307 $ 309 $ 658 $ 533
Distributor License Fees [Member]        
Total revenue $ 11 $ 9 $ 17 $ 15

Source