OK, you've confirmed that lack of paste is not the issue so:
You can, if you wish, perform two tests:
1. To test coils and ignition module: Pull a spark plug, insert it back into the plug wire cap, and ground it securely on the cylinder jug. Turn the ignition key to ON. Place the kill switch in the RUN position. Now, watch the plug while flipping the kill switch on and off. You should get a spark as the switch is turned off. If you DO get a spark, this indicates that both your coils and your ignition module are functional and you can focus on the ignition sensor.
2. To test ignition sensor (bean can) under front cover: remove negative cable from battery, remove front cover to access bean can. Remove a spark plug and ground it to engine as in 1 above. Find the electrical wire that leads from the bean can upwards to connect with the main harness. Disconnect that connector by carefully removing a thin wire bail that holds the two halves of the connector together. Pull the plug apart. Using about a three inch length of thin wire, insert an end of the wire into the MIDDLE female hole of the three-hole connector that leads to the bike's harness (not the remaining half of the connector that's made up to the beancan). Connect negative ground to battery. Turn on ignition to bike. Place kill switch in Run position. Now, while the thin wire remains inserted in the middle female connector hole, strike the other end against the metal alternator cover as though you're striking a match. If, when you "strike the match" you also get a spark on the grounded spark plug, your hall effect sensor has failed.
Rick Jones at motorrad electrik rebuilds them for about $175. New ones are about $500 now.