XML 14 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating expenses        
Research and development $ 128,698 $ 108,671 $ 290,895 $ 486,759
Selling, general and administrative 887,241 1,081,189 1,762,375 2,449,745
Total operating expenses 1,015,939 1,189,860 2,053,270 2,936,504
Loss from operations (1,015,939) (1,189,860) (2,053,270) (2,936,504)
Interest expense (7,413) (2,106) (9,878) (4,490)
Impairment loss on investment       (300,000)
Net loss (1,023,352) (1,191,966) (2,063,148) (3,240,994)
Deemed dividend on preferred stock 782,879 627,705 782,879 627,705
Net loss applicable to common stockholders $ (1,806,231) $ (1,819,671) $ (2,846,027) $ (3,868,699)
Net loss per share – Basic and diluted        
Net loss per share – Basic and diluted $ (0.14) $ (0.14) $ (0.21) $ (0.30)
Weighted average common shares outstanding 13,312,777 12,902,549 13,232,422 12,818,232