XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Product sales $ 400,000 $ 290,042 $ 937,080 $ 426,142
Cost of product sales 247,184 119,939 415,550 185,132
Gross profit from product sales 152,816 170,103 521,530 241,010
Other Revenue        
Retained royalties 19,781 22,332 24,733 40,092
Other income 14,204 14,499 31,677 72,821
Total other revenue 33,985 36,831 56,410 112,913
Expenses        
Selling expenses 38,470 22,569 176,496 126,502
Personnel and consulting expenses 296,944 219,379 1,116,088 839,118
General and administrative expenses 432,528 450,272 943,554 1,264,448
Interest expense 574,840 67,058 792,520 143,796
Interest expense - accelerated upon conversion of OID notes     35,109   
Loss on conversion of notes 5,500    48,788   
Loss on settlement of note and warrant     132,301   
Unrealized loss on derivative instruments 67,631 49,865 79,351 41,137
Total Expenses 1,415,913 809,143 3,324,207 2,415,001
Loss before income taxes (1,229,112) (602,209) (2,746,267) (2,061,078)
Provision (benefit) for income taxes            
Net loss $ (1,229,112) $ (602,209) $ (2,746,267) $ (2,061,078)
Basic and diluted loss per share $ (0.05) $ (0.04) $ (0.12) $ (0.13)
Basic and diluted weighted average number of common shares outstanding: 24,974,613 16,867,971 22,715,940 16,205,578