Stereotaxis
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10-Q
STEREOTAXIS, INC. filed this Form 10-Q on 08/08/2018
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STEREOTAXIS, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2018   2017   2018   2017 
Revenue:                
Systems  $310,751   $1,828,439   $328,026   $2,047,334 
Disposables, service and accessories   7,240,650    6,638,587    14,195,008    13,397,364 
Total revenue   7,551,401    8,467,026    14,523,034    15,444,698 
                     
Cost of revenue:                    
Systems   457,509    920,517    661,111    1,140,961 
Disposables, service and accessories   931,541    1,281,729    1,993,286    2,317,911 
Total cost of revenue   1,389,050    2,202,246    2,654,397    3,458,872 
                     
Gross margin   6,162,351    6,264,780    11,868,637    11,985,826 
                     
Operating expenses:                    
Research and development   2,032,394    1,756,266    3,995,020    3,357,143 
Sales and marketing   3,457,416    3,618,615    7,092,413    7,400,064 
General and administrative   1,298,604    1,324,678    2,537,783    3,566,255 
Total operating expenses   6,788,414    6,699,559    13,625,216    14,323,462 
Operating loss   (626,063)   (434,779)   (1,756,579)   (2,337,636)
                     
Other income       300,255    2,590,361    3,429,563 
Interest expense (net)   (6,142)   (42,775)   (30,757)   (92,258)
Net income (loss)  $(632,205)  $(177,299)  $803,025   $999,669 
                     
Cumulative dividend on convertible preferred stock   (357,518)   (369,661)   (711,107)   (732,849)
Net income attributable to convertible preferred stock   -    -    (42,936)   (167,539)
Net income (loss)  attributable to common stockholders  $(989,723)  $(546,960)  $48,982   $99,281 
                     
Net income (loss)  per share attributable to common stockholders:                    
Basic  $(0.02)  $(0.02)  $0.00   $0.00 
Diluted  $(0.02)  $(0.02)  $0.00   $0.00 
                     
Weighted average number of common shares and equivalents:                    
Basic   58,926,545    22,581,330    45,019,358    22,450,392 
Diluted   58,926,545    22,581,330    45,728,732    22,458,479 

 

Certain prior year amounts have been reclassified to conform to the 2018 presentation.

See accompanying notes.

 

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