v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Revenue from contract with customer $ 119,000 $ 38,000
Grant and other revenue 796,288 631,208
Total revenue 915,013 657,826
Cost of revenue 1,048 6,667
Gross profit 913,965 651,159
Operating expenses:    
Research and development 4,930,187 5,338,267
Selling, general and administrative 6,694,959 6,275,409
Total operating expenses 11,625,146 11,613,676
Loss from operations [1] (10,711,181) (10,962,517)
Other income (expense):    
Interest income, net 11,344 25,288
Other expense, net (21,854) (7,613)
Total other (expense) income, net [2] (10,510) 17,675
Loss before income taxes (10,721,691) (10,944,842)
Provision for income taxes (707)
Loss from continuing operations (10,721,691) (10,945,549)
Loss from discontinued operations, net of tax effect (2,665)
Net loss (10,721,691) (10,948,214)
Income attributable to noncontrolling interest (17)
Deemed dividend on Series C and Series D Preferred Stock beneficial conversion feature (663,889)
Net loss attributable to common stockholders $ (11,385,580) $ (10,948,197)
Loss per common share (basic and diluted):    
Continuing operations (in dollars per share) $ (0.48) $ (0.76)
Attributable to common stockholders (in dollars per share) $ (0.48) $ (0.76)
Weighted average shares outstanding (basic and diluted) (in shares) 23,896,001 14,393,360
Royalty [Member]    
Revenue:    
Revenue from contract with customer $ 7,995 $ 16,665
License [Member]    
Revenue:    
Revenue from contract with customer $ 110,730 $ 9,953
[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.

Source