Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Product sales $ 8,075,510 $ 11,453,152 $ 20,472,465 $ 21,162,950
Equipment sales 2,975 143,166 787,081 2,699,051
Demonstrations and consulting services 369,482 175,100 546,982 674,938
Total revenues: 8,447,967 11,771,418 21,806,528 24,536,939
Costs and expenses:        
Cost of sales 5,509,204 7,821,028 14,290,902 17,612,843
Selling, general and administrative expenses 1,910,020 2,233,410 6,856,558 5,075,607
Total costs and expenses 7,419,224 10,054,438 21,147,460 22,688,450
Operating income 1,028,743 1,716,980 659,068 1,848,489
Other (expense) income        
Interest expense (541,855) (972,930) (1,627,248) (4,079,022)
Letter of credit fees (52,667) (61,333) (173,333) (164,667)
Change in value of warrant liability 56,000 (9,984,541) 919,023 (14,241,141)
Gain on legal settlements 379,000 317,900
Total other (expense) income (159,522) (11,018,804) (563,658) (18,484,830)
Net income (loss) $ 869,221 $ (9,301,824) $ 95,410 $ (16,636,341)
Net income (loss) per common share - basic and diluted: $ 0.01 $ (0.19) $ 0.00 $ (0.35)
Weighted average common shares outstanding 75,865,678 47,918,064 74,662,691 47,546,461