NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Accounting Policies [Abstract] |
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| The following securities were not included in the computation of diluted shares outstanding for the three and nine months ended September 30, 2023, and 2022 because the effect would be anti-dilutive: |
The following securities were not included in the computation of diluted
shares outstanding for the three and nine months ended September 30, 2023, and 2022 because the effect would be anti-dilutive:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Common stock options |
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$ |
— |
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$ |
72,347 |
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$ |
4,047 |
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$ |
81,723 |
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| PSUs |
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54,496 |
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— |
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54,496 |
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— |
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| Restricted stock |
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850,000 |
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950,000 |
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850,000 |
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950,000 |
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| Total |
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$ |
904,496 |
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$ |
1,022,347 |
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$ |
908,543 |
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$ |
1,031,723 |
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| Therefore, diluted weighted average number of shares outstanding and diluted net loss per share were the same as basic weighted average number of shares outstanding and net loss per share for the three and nine months ended September 30, 2023 and 2022. |
Therefore, diluted weighted average number of shares outstanding and diluted
net loss per share were the same as basic weighted average number of shares outstanding and net loss per share for the three and nine
months ended September 30, 2023 and 2022.
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Net loss |
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$ |
(1,368,262 |
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$ |
(1,225,560 |
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$ |
(6,275,033 |
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$ |
(6,684,415 |
) |
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| Weighted Average Outstanding Shares: |
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| Basic weighted average shares outstanding |
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45,639,081 |
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45,038,181 |
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45,578,314 |
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44,877,366 |
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| Dilutive effect of outstanding stock options and unvested restricted stock |
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— |
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— |
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— |
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— |
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| Diluted weighted average shares outstanding |
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45,639,081 |
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45,038,181 |
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45,578,314 |
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44,877,366 |
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| Net loss per share |
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| Basic |
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$ |
(0.03 |
) |
$ |
(0.03 |
) |
$ |
(0.14 |
) |
$ |
(0.15 |
) |
| Diluted |
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$ |
(0.03 |
) |
$ |
(0.03 |
) |
$ |
(0.14 |
) |
$ |
(0.15 |
) |
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| The following table summarizes net revenues by geography for the three and nine months ended September 30, 2023, and 2022: |
The following table summarizes net revenues by geography for the three
and nine months ended September 30, 2023, and 2022:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Revenues |
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| Domestic |
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$ |
5,929,071 |
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$ |
6,661,196 |
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$ |
17,899,463 |
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$ |
17,475,083 |
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| International |
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1,074,127 |
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1,099,202 |
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3,432,271 |
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3,076,273 |
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| Total |
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$ |
7,003,198 |
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$ |
7,760,398 |
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$ |
21,331,734 |
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$ |
20,551,356 |
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