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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
Revenue        
Product sales $ 465,000 $ 197,204 $ 716,250 $ 405,154
Cost of product sales 125,719 59,830 199,704 108,070
Gross profit from product sales 339,281 137,374 516,546 297,084
Other Revenue        
Retained royalties 4,647 2,389 13,973 7,037
Other income 30,954 13,673 55,175 39,206
Total other revenue 35,601 16,062 69,148 46,243
Operating expenses        
Selling expenses 22,718 67,791 85,537 112,131
Personnel and consulting expenses 444,082 455,087 1,310,139 1,329,466
General and administrative expenses 167,996 362,208 653,940 1,012,369
Total operating expenses 634,796 885,086 2,049,616 2,453,966
Operating loss (259,914) (731,650) (1,463,922) (2,110,639)
Other expense        
Interest expense 393,867 300,361 1,156,797 690,892
Loss on conversion of notes     2,588
Unrealized (gain) loss on derivative instruments (5,388) 30,791 17,414 41,694
Total other expense 388,479 331,152 1,174,211 735,174
Loss before income taxes (648,393) (1,062,802) (2,638,133) (2,845,813)
Provision (benefit) for income taxes
Net loss $ (648,393) $ (1,062,802) $ (2,638,133) $ (2,845,813)
Basic and diluted loss per share (in dollars per share) $ (0.02) $ (0.04) $ (0.09) $ (0.10)
Basic and diluted weighted average number of common shares outstanding: (in shares) 28,787,831 28,370,953 28,689,254 27,673,151