Stereotaxis
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8-K
STEREOTAXIS, INC. filed this Form 8-K on 03/06/2018
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STEREOTAXIS, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

 

     Three Months Ended
December 31,
    Twelve Months Ended
December 31,
 
     2017     2016     2017     2016  

Revenue:

        

Systems

   $ 630,927     $ 810,987     $ 4,275,798     $ 5,776,843  

Disposables, service and accessories

     6,924,740       6,497,033       26,868,302       26,387,273  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total revenue

     7,555,667       7,308,020       31,144,100       32,164,116  

Cost of revenue:

        

Systems

     4,169,883       935,685       6,199,643       3,660,012  

Disposables, service and accessories

     1,204,116       1,063,771       4,554,596       3,869,321  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total cost of revenue

     5,373,999       1,999,456       10,754,239       7,529,333  

Gross margin

     2,181,668       5,308,564       20,389,861       24,634,783  

Operating expenses:

        

Research and development

     1,161,490       1,298,013       4,760,806       5,487,609  

Sales and marketing

     2,975,800       3,725,385       13,039,499       15,228,193  

General and administrative

     1,794,133       2,410,988       8,509,153       10,345,338  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total operating expenses

     5,931,423       7,434,386       26,309,458       31,061,140  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

     (3,749,755     (2,125,822     (5,919,597     (6,426,357

Other income (expense)

     1,241,510       7,676,700       212,031       (2,009,150

Interest expense (net)

     (44,509     (16,943     (179,844     (2,483,384

Gain on extinguishment of debt

     —         —         —         5,632,171  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (2,552,754   $ 5,533,935     $ (5,887,410   $ (5,286,720

Deemed dividend on convertible preferred stock

     —         (7,926     —         (6,145,402

Cumulative dividend on convertible preferred stock

     (361,447     (368,152     (1,432,259     (368,152

Net income attributable to convertible preferred stock

     —         (3,242,534     —         —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders

   $ (2,914,201   $ 1,915,323     $ (7,319,669   $ (11,800,274
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) per share attributed to common stockholder:

        

Basic

   $ (0.13   $ 0.09     $ (0.32   $ (0.54

Diluted

   $ (0.13   $ 0.09     $ (0.32   $ (0.54
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares and equivalents:

        

Basic

     22,800,459       21,953,879       22,614,248       21,807,634  

Diluted

     22,800,459       21,962,462       22,614,248       21,807,634  
  

 

 

   

 

 

   

 

 

   

 

 

 
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