|
Condensed Statements of Operations (Unaudited) (USD $)
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| Revenues: |
|
|
| Related party license revenues |
$ 650,000 |
$ 650,000 |
| Service revenues |
108,330 |
|
| Product revenues |
221,669 |
126,194 |
| Total revenues |
979,999 |
776,194 |
| Costs and operating expenses: |
|
|
| Cost of product revenues |
101,669 |
82,940 |
| Research and development |
689,669 |
1,165,107 |
| Selling, general, and administrative |
1,340,103 |
1,235,555 |
| Total costs and operating expenses |
2,131,441 |
2,483,602 |
| Operating loss |
(1,151,442) |
(1,707,408) |
| Other income (expense): |
|
|
| Other income (expense), net |
1,170 |
(2,420) |
| Interest income |
1,619 |
1,085 |
| Interest expense (see Note 8) |
(2,325,736) |
(541,875) |
| Net loss |
$ (3,474,389) |
$ (2,250,618) |
| Net loss per share attributable to common stockholders: |
|
|
| Basic and diluted (in Dollars per share) |
$ (0.14) |
$ (0.14) |
| Weighted average shares outstanding: |
|
|
| Basic and diluted (in Shares) |
25,187,547 |
15,859,990 |