ANDREA ELECTRONICS CORP

CIK:0000006494|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Revenues
Net product revenues	$ 1,961,796	$ 1,663,497
Cost of revenues	578,174	433,022
Gross margin	1,383,622	1,230,475
Patent Monetization Expenses	156,016	163,439
Research and development expenses	460,318	587,499
General, administrative and selling expenses	1,090,405	1,074,589
Operating loss	(323,117)	(595,052)
Gain from forgiveness of Paycheck Protection Program Loans and related interest	0	295,346
Income from Employee Retention Tax Credits	140,137	0
Interest expense, net	(103,931)	(73,505)
Loss from operations before provision for income taxes	(286,911)	(373,211)
Provision for income taxes	1,268	585
Net loss	$ (288,179)	$ (373,796)
Basic and diluted weighted average shares (in shares)	68,104,957	68,104,957
Basic and diluted net loss per share (in dollars per share)	$ (0.00)	$ (0.01)
Product [Member]
Revenues
Net product revenues	$ 1,952,176	$ 1,621,327
License and Service [Member]
Revenues
Net product revenues	$ 9,620	$ 42,170