Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
|
| Income Statement [Abstract] | ||||
| Net revenue | $ 24,040,274 | $ 61,574 | $ 25,588,802 | $ 64,974 |
| Cost of revenue | 8,344,674 | 38,809 | 8,826,414 | 39,261 |
| Gross profit | 15,695,600 | 22,765 | 16,762,388 | 25,713 |
| Operating expenses: | ||||
| Sales and marketing | 390,191 | 252,076 | 658,674 | 508,179 |
| Administrative and general | 2,191,034 | 807,769 | 3,650,518 | 1,448,132 |
| Research and development | 750,249 | 312,590 | 1,150,271 | 659,896 |
| Depreciation and amortization | 25,218 | 16,094 | 45,966 | 29,762 |
| Total operating expenses | 3,356,692 | 1,388,529 | 5,505,429 | 2,645,969 |
| Income (loss) from operations | 12,338,908 | (1,365,764) | 11,256,959 | (2,620,256) |
| Other expense: | ||||
| Interest income | 38,173 | 19,640 | 45,748 | 20,048 |
| Interest expense | (106,427) | |||
| Gain on disposition of assets | 850 | |||
| Gain (loss) on equity method investment in joint venture | 258,559 | 1,728 | 267,740 | (7,000) |
| Total other expense | 296,732 | 21,368 | 313,488 | (92,529) |
| Income (loss) before income taxes | 12,635,640 | (1,344,396) | 11,570,447 | (2,712,785) |
| Provision for income taxes | ||||
| Net income (loss) | $ 12,635,640 | $ (1,344,396) | $ 11,570,447 | $ (2,712,785) |
| Basic income (loss) per common share | $ 0.46 | $ (0.08) | $ 0.42 | $ (0.16) |
| Diluted income (loss) per common share | $ 0.43 | $ (0.08) | $ 0.40 | $ (0.16) |
| Weighted average common shares outstanding basic | 27,582,229 | 17,017,964 | 27,605,137 | 16,544,926 |
| Weighted average common shares outstanding diluted | 29,152,222 | 17,017,964 | 29,094,475 | 16,544,926 |