Stereotaxis
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8-K
STEREOTAXIS, INC. filed this Form 8-K on 03/12/2019
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STEREOTAXIS, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

 

   Three Months Ended
December 31,
   Twelve Months Ended
December 31,
 
   2018   2017   2018   2017 
                 
Revenue:                    
Systems  $538,543   $630,927   $1,582,053   $4,275,798 
Disposables, service and accessories   6,729,561    6,924,740    27,764,564    26,868,302 
Total revenue   7,268,104    7,555,667    29,346,617    31,144,100 
                     
Cost of revenue:                    
Systems   530,679    4,169,883    1,788,658    6,199,643 
Disposables, service and accessories   898,646    1,204,116    3,928,521    4,554,596 
Total cost of revenue   1,429,325    5,373,999    5,717,179    10,754,239 
                     
Gross margin   5,838,779    2,181,668    23,629,438    20,389,861 
                     
Operating expenses:                    
Research and development   2,223,587    1,727,307    8,219,387    6,704,200 
Sales and marketing   3,054,404    3,148,096    12,965,920    13,627,724 
General and administrative   1,147,467    1,056,020    4,901,170    5,977,534 
Total operating expenses   6,425,458    5,931,423    26,086,477    26,309,458 
Operating loss   (586,679)   (3,749,755)   (2,457,039)   (5,919,597)
                     
Other income   -    1,241,510    2,590,361    212,031 
Interest income (expense)   16,705    (44,509)   (16,566)   (179,844)
Net income (loss)  $(569,974)  $(2,552,754)  $116,756   $(5,887,410)
Cumulative dividend on convertible preferred stock   (361,447)   (361,447)   (1,434,000)   (1,432,259)
Net loss attributable to common stockholders  $(931,421)  $(2,914,201)  $(1,317,244)  $(7,319,669)
                     
Net loss per share attributed to common stockholder:                    
Basic  $(0.02)  $(0.13)  $(0.03)  $(0.32)
Diluted  $(0.02)  $(0.13)  $(0.03)  $(0.32)
                     
Weighted average number of common shares and equivalents:                    
Basic   59,053,073    22,800,459    52,082,618    22,614,248 
Diluted   59,053,073    22,800,459    52,082,618    22,614,248 

 

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

 

 
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