CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
|
| Revenue: | |||
| Total revenue | $ 43,165,527 | $ 41,004,601 | $ 24,949,473 |
| Cost of revenue | 11,047,350 | 11,052,409 | 7,363,919 |
| Gross profit | 32,118,177 | 29,952,192 | 17,585,554 |
| Operating expenses: | |||
| Research and development | 16,380,930 | 8,810,561 | 12,091,797 |
| Legal, financial and other consulting | 2,731,515 | 3,048,242 | 2,462,151 |
| Selling, general and administrative | 35,750,477 | 28,463,723 | 22,005,670 |
| Total operating expenses | 54,862,922 | 40,322,526 | 36,559,618 |
| Loss from operations | (22,744,745) | (10,370,334) | (18,974,064) |
| Other income (expense): | |||
| Interest (expense), net | 28,007 | (1,201,067) | (1,033,661) |
| Gain/(loss) on foreign currency transactions | (2,577,913) | 2,607,139 | (350,365) |
| Total other income (expense), net | (2,549,906) | 1,406,072 | (1,384,026) |
| Loss before benefit from income taxes | (25,294,651) | (8,964,262) | (20,358,090) |
| Benefit from income taxes | 736,003 | 1,127,074 | 1,092,446 |
| Net loss attributable to common shareholders | $ (24,558,648) | $ (7,837,188) | $ (19,265,644) |
| Basic net loss per common share | $ (0.57) | $ (0.20) | $ (0.60) |
| Diluted net loss per common share | $ (0.57) | $ (0.20) | $ (0.60) |
| Weighted average number of shares of common stock outstanding, basic | 43,359,186 | 38,818,990 | 32,255,253 |
| Weighted average number of shares of common stock outstanding, diluted | 43,359,186 | 38,818,990 | 32,255,253 |
| Comprehensive loss: | |||
| Net loss | $ (24,558,648) | $ (7,837,188) | $ (19,265,644) |
| Other comprehensive income (loss): | |||
| Currency translation adjustment | 2,259,663 | (2,260,056) | 237,803 |
| Comprehensive loss | (22,298,985) | (10,097,244) | (19,027,841) |
| Product | |||
| Revenue: | |||
| Total revenue | 40,108,567 | 39,452,502 | 22,765,854 |
| Cyto Sorb Sales | |||
| Revenue: | |||
| Total revenue | 39,996,700 | 39,342,102 | 22,545,754 |
| Other Sales | |||
| Revenue: | |||
| Total revenue | 111,867 | 110,400 | 220,100 |
| Grant | |||
| Revenue: | |||
| Total revenue | $ 3,056,960 | $ 1,552,099 | $ 2,183,619 |