v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Revenue from contract with customer $ 13,000 $ 9,000 $ 36,000 $ 24,000
Grant and other revenue 247,983 262,181 349,234 403,232
Total revenue 261,046 271,101 384,783 427,373
Cost of revenue 0 357 0 966
Gross profit 261,046 270,744 384,783 426,407
Operating expenses:        
Research and development 1,498,056 1,281,779 2,720,810 2,281,048
Selling, general and administrative 1,432,610 1,329,591 3,663,355 3,157,345
Total operating expenses 2,930,666 2,611,370 6,384,165 5,438,393
Loss from operations [1] (2,669,620) (2,340,626) (5,999,382) (5,011,986)
Other (expense) income:        
Interest income (expense), net 1,266 15,343 (1,609) 12,971
Gain on extinguishment of debt 0 0 366,000 0
Other, net (5,686) (336) (5,941) (212)
Total other (expense) income, net (4,420) 15,007 [2] 358,450 [2] 12,759 [2]
Net loss (2,674,040) (2,325,619) (5,640,932) (4,999,227)
Loss (income) attributable to noncontrolling interest 1 1 3 (1)
Deemed dividend on Series C Preferred Stock beneficial conversion feature 0 (77,778) 0 (77,778)
Net loss attributable to common stockholders $ (2,674,039) $ (2,403,396) $ (5,640,929) $ (5,077,006)
Loss attributable to common stockholders per common share (basic and diluted) (in dollars per share) $ (0.09) $ (0.11) $ (0.20) $ (0.24)
Weighted average shares outstanding (in shares) 29,117,832 22,759,393 28,531,660 21,481,514
Royalty [Member]        
Revenue:        
Revenue from contract with customer $ 0 $ 8,920 $ 0 $ 24,141
License [Member]        
Revenue:        
Revenue from contract with customer $ 13,063 $ 0 $ 35,549 $ 0
[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.
[2] Amounts consist primarily of interest income and interest expense, which are not currently allocated to our individual reportable segments.

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