Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.1.9
Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues:    
Product revenues $ 3,378,765us-gaap_SalesRevenueGoodsNet $ 2,914,774us-gaap_SalesRevenueGoodsNet
Development service revenues 103,846us-gaap_ContractsRevenue 283,764us-gaap_ContractsRevenue
Other service revenues 121,871us-gaap_SalesRevenueServicesGross 82,037us-gaap_SalesRevenueServicesGross
Related party license revenues   650,000us-gaap_RevenueFromRelatedParties
Total revenues 3,604,482us-gaap_Revenues 3,930,575us-gaap_Revenues
Cost of product revenues 1,927,138us-gaap_CostOfGoodsSold 1,421,148us-gaap_CostOfGoodsSold
Research and development costs 3,297,112us-gaap_ResearchAndDevelopmentExpense 2,922,912us-gaap_ResearchAndDevelopmentExpense
Selling, general, and administrative expenses 8,039,455us-gaap_SellingGeneralAndAdministrativeExpense 7,061,286us-gaap_SellingGeneralAndAdministrativeExpense
Gain on sale of intellectual property (4,338,601)us-gaap_GainLossOnDispositionOfIntangibleAssets  
Operating loss (5,320,622)us-gaap_OperatingIncomeLoss (7,474,771)us-gaap_OperatingIncomeLoss
Other income (expense):    
Gain on change in fair value of deriviative liabilities 1,549,696us-gaap_DerivativeGainLossOnDerivativeNet 1,686,478us-gaap_DerivativeGainLossOnDerivativeNet
Gain on forgiveness of amounts in accounts payable 77,837us-gaap_OtherNonoperatingIncome 477,263us-gaap_OtherNonoperatingIncome
Loss on note payable modification   (1,356,177)us-gaap_OtherNonoperatingExpense
Other income, net 175,547us-gaap_OtherNonoperatingIncomeExpense 56,228us-gaap_OtherNonoperatingIncomeExpense
Interest income 11,617us-gaap_InvestmentIncomeInterest 24,544us-gaap_InvestmentIncomeInterest
Interest expense (1,018,807)us-gaap_InterestExpense (499,839)us-gaap_InterestExpense
Net loss $ (4,524,732)us-gaap_NetIncomeLoss $ (7,086,274)us-gaap_NetIncomeLoss
Net loss per share attributable to common stockholders:    
Basic and diluted (in Dollars per share) $ (0.08)us-gaap_EarningsPerShareBasicAndDiluted $ (0.12)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding:    
Basic and diluted (in Shares) 59,240,848us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 57,261,713us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted