XML 33 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operation (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Revenue
Cost of revenue $ (12,000) $ (6,000)
Gross profit 12,000 6,000
Operating expenses:        
Research and development $ 172,405 $ 138,806 504,415 673,173
General and administrative 284,724 280,000 1,010,989 1,092,689
Sales and marketing 50,700 114,178 184,660 344,529
Total operating expenses 507,829 532,984 1,700,064 2,110,391
Loss from operations (507,829) (532,984) (1,688,064) (2,104,391)
Other income (expense)        
Interest expense (183,184) (131,846) (474,727) (347,587)
Change in fair value of derivative and warrant liabilities 753,538 1,883,289 353,315 (168,471)
Amortization of derivative and warrant liabilities discount (176,661) (396,853) (699,957) (850,691)
Amortization of deferred debt issuance costs and original issue discount $ (90,130) (85,034) (262,520) (197,608)
Gain on extinguishment of debt 227,259 119,369 227,259
Other income (expense), net $ (4,893) (5,343) (9,527) (20,523)
Total Other income (expense) 298,670 1,491,472 (974,047) (1,357,621)
Net income (loss) $ (209,159) $ 958,488 $ (2,662,111) $ (3,462,012)
Income (loss) per share:        
Basic (in dollars per share) $ (0.00) $ 0.01 $ (0.01) $ (0.02)
Fully diluted (in dollars per share) $ (0.00) $ 0.01 $ (0.01) $ (0.02)
Weighted average common shares outstanding:        
Basic (in shares) 198,039,192 171,996,818 196,519,704 169,070,461
Fully diluted (in shares) 198,039,192 186,965,778 196,519,704 169,070,461