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SELECTED QUARTERLY FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Below is selected quarterly financial data for the years ended December 31, 2015 and 2014:
 
 
 
Three Months Ended
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
2015
 
2015
 
2015
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue, net
 
$
616,138
 
$
2,306,953
 
$
2,667,506
 
$
2,931,401
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross (loss) profit
 
$
(16,442)
 
$
(293,493)
 
$
(281,422)
 
$
10,795
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from operations
 
$
(4,119,463)
 
$
(2,346,736)
 
$
(2,747,501)
 
$
(2,830,183)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(4,116,739)
 
$
(1,288,703)
 
$
(2,761,691)
 
$
(2,864,798)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss per common share - basic and diluted
 
$
(0.06)
 
$
(0.02)
 
$
(0.04)
 
$
(0.04)
 
 
 
 
Three Months Ended
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
2014
 
2014
 
2014
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue, net
 
$
447,535
 
$
16,114
 
$
64,431
 
$
911
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross (loss) profit
 
$
269,839
 
$
2,938
 
$
(241,416)
 
$
(806)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from operations
 
$
(1,187,182)
 
$
(2,038,163)
 
$
(2,824,822)
 
$
(5,717,197)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(5,315,128)
 
$
(1,965,815)
 
$
(2,724,309)
 
$
(5,590,106)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss per common share - basic and diluted
 
$
(0.09)
 
$
(0.03)
 
$
(0.05)
 
$
(0.09)