v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS    
Product revenue $ 14,481,784 $ 17,092,996
License revenue 2,808,125 387,500
Other revenue 116,276 144,874
Revenues 17,406,185 17,625,370
Cost of sales (10,305,076) (12,172,374)
Gross profit 7,101,109 5,452,996
Operating expenses:    
Impairment loss (43,000) (219,707)
Selling, general and administrative expenses (related party of $1,116,064 and $554,410) (14,216,377) (14,206,761)
Total operating expenses (14,259,377) (14,426,468)
Operating loss (7,158,268) (8,973,472)
Other income (expense)    
Income from legal claims 0 27,607,776
Interest expense (related party of $245,724 and $1,360,623) (267,458) (1,362,401)
Loss on change in fair value of profit share and unsecured note (3,959,065) (11,209,677)
Interest income 293,524 79,301
Total other (expense) income (3,932,999) 15,114,999
(Loss) income before provision for income taxes (11,091,267) 6,141,527
Income tax benefit (expense) 289,156 (473,213)
Net (loss) income $ (10,802,111) $ 5,668,314
Basic & Diluted (loss) income per share:    
Basic net (loss) income per share $ (0.11) $ 0.06
Diluted net (loss) income per share $ (0.11) $ 0.06
Weighted average common shares outstanding:    
Basic 95,290,548 94,171,695
Diluted 95,290,548 97,452,397

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