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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 106,095 $ 132,500 $ 1,674,275 $ 4,483,303
Operating Expenses        
Cost of revenues 35,736 51,651 356,750 913,800
Patent amortization expense 377,746 377,742 1,133,235 1,152,365
General and administrative 1,620,311 1,930,705 5,006,810 5,921,212
Total operating expenses 2,033,793 2,360,098 6,496,795 7,987,377
Income (loss) from operations (1,927,698) (2,227,598) (4,822,520) (3,504,074)
Other income (expense)        
Gain (loss) on debt extinguishment 0 0 2,434,661 (2,268,373)
Decrease in fair value of derivative liabilities 330 35,010 948 47,331
Interest expense, net (867,713) (1,278,279) (2,867,741) (3,770,231)
Total other income (expense), net (867,383) (1,243,269) (432,132) (5,991,273)
Income (loss) before provision for income taxes (2,795,081) (3,470,867) (5,254,652) (9,495,347)
Provision for income taxes 0 0 0 0
Net income (loss) (2,795,081) (3,470,867) (5,254,652) (9,495,347)
Deemed dividend on preferred stock 0 0 (466,667) 0
Net loss attributable to common shareholders $ (2,795,081) $ (3,470,867) $ (5,721,319) $ (9,495,347)
Basic and diluted loss per share (in dollars per share) $ (0.57) $ (0.98) $ (1.26) $ (2.95)
Weighted average shares outstanding, basic and diluted (in shares) 4,910,740 3,542,520 4,529,568 3,223,348