XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenue $ 898,500 $ 1,128,800 $ 2,864,400 $ 3,958,700
Costs of revenue 8,300 108,900 129,500 319,200
Gross profit 890,200 1,019,900 2,734,900 3,639,500
Operating expenses:        
Selling and marketing 93,900 419,800 664,600 1,373,500
General and administrative 821,600 773,300 2,114,600 2,452,400
Research and development 491,500 1,038,400 1,860,900 3,304,500
Total operating expenses 1,407,000 2,231,500 4,640,100 7,130,400
Loss from operations (516,800) (1,211,600) (1,905,200) (3,490,900)
Other income (expense):        
Change in fair value of warrants liability 54,400 (2,400) 29,300 126,900
Other income (expense), net 1,100 200 3,700 (100)
Loss from operations before provision for income tax (461,300) (1,213,800) (1,872,200) (3,364,100)
Provision for income tax 700 700 2,300 3,300
Net Loss $ (462,000) $ (1,214,500) $ (1,874,500) $ (3,367,400)
Basic and diluted loss per share $ (0.05) $ (0.14) $ (0.19) $ (0.42)
Average weighted common shares outstanding - basic and diluted 9,784,163 8,937,264 9,763,111 8,006,689