Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue:    
Revenue from contract with customer $ 46,000 $ 119,000
Grant and other revenue 485,898 796,288
Total revenue 531,513 915,013
Cost of revenue 0 1,048
Gross profit 531,513 913,965
Operating expenses:    
Research and development 5,141,910 4,930,187
Selling, general and administrative 7,450,015 6,694,959
Total operating expenses 12,591,925 11,625,146
Loss from operations [1] (12,060,412) (10,711,181)
Other income (expense):    
Interest (expense) income, net (6,361) 11,344
Gain on extinguishment of debt 366,000 0
Other, net (14,115) (21,854)
Total other income (expense), net 345,524 (10,510)
Net loss before income taxes (11,714,888) (10,721,691)
Provision for income taxes (16,043) 0
Net loss (11,730,931) (10,721,691)
Loss attributable to noncontrolling interest 4 0
Deemed dividend on Series C and Series D Preferred Stock beneficial conversion feature 0 (663,889)
Net loss attributable to common stockholders $ (11,730,927) $ (11,385,580)
Loss attributable to common stockholders per common share (basic and diluted) (in dollars per share) $ (0.40) $ (0.48)
Weighted average shares outstanding (in shares) 29,343,542 23,896,001
Royalty [Member]    
Revenue:    
Revenue from contract with customer $ 0 $ 7,995
License [Member]    
Revenue:    
Revenue from contract with customer $ 45,615 $ 110,730
[1] Loss from operations does not reflect the allocation of certain selling, general and administrative expenses, excluding depreciation and amortization, to our individual reportable segments, other than those expenses directly incurred by Navidea Europe, Navidea UK and MT.