Annual report pursuant to section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenues:    
Product revenues $ 2,914,774 $ 1,170,679
Development service revenues 283,764 541,182
Other service revenues 82,037  
Related party license revenues 650,000 3,346,374
Total revenues 3,930,575 5,058,235
Costs and operating expenses:    
Cost of product revenues 1,421,148 555,703
Research and development:    
Research and development costs 2,922,912 2,484,503
Reversal of research and development obligation   (882,537)
Selling, general, and administrative 7,061,286 6,029,844
Total costs and operating expenses 11,405,346 8,187,513
Operating loss (7,474,771) (3,129,278)
Other income (expense):    
Gain (loss) on change in fair value of deriviative liabilities 1,686,478 (171,371)
Gain on forgiveness of amounts in accounts payable 477,263  
Loss on note payable modification (1,356,177)  
Other income, net 56,228 3,586
Interest income 24,544 14,152
Interest expense (499,839) (2,594,807)
Net loss $ (7,086,274) $ (5,877,718)
Net loss per share attributable to common stockholders:    
Basic and diluted (in Dollars per share) $ (0.12) $ (0.15)
Weighted average shares outstanding:    
Basic and diluted (in Shares) 57,261,713 40,374,048