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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Product sales $ 1,989,988 $ 1,496,759 $ 3,842,005 $ 2,997,481
Cost of product sales 872,835 678,111 1,643,840 1,296,210
Gross profit 1,117,153 818,648 2,198,165 1,701,271
Operating expenses        
Research and development 599,031 301,334 1,103,270 623,499
Sales and marketing 849,193 642,490 1,583,106 1,142,745
General and administrative 1,262,818 1,030,701 2,598,110 2,251,406
Total operating expenses 2,711,042 1,974,525 5,284,486 4,017,650
Operating loss (1,593,889) (1,155,877) (3,086,321) (2,316,379)
Other income (expenses)        
Interest income 445 5,482 2,364 13,719
Interest expense, related party (8,333) 0 (8,333) 0
Amortization of debt discount (31,199) 0 (31,199) 0
Write-off of deferred financing costs (86,736) 0 (86,736) 0
Total other income (expenses) (125,823) 5,482 (123,904) 13,719
Net loss (1,719,712) (1,150,395) (3,210,225) (2,302,660)
Net loss attributable to non-controlling interest 363,629 156,016 627,314 276,799
Net loss attributable to BioLife Solutions, Inc. $ (1,356,083) $ (994,379) $ (2,582,911) $ (2,025,861)
Basic and diluted net loss per common share attributable to BioLife Solutions, Inc. (in dollars per share) $ (0.11) $ (0.08) $ (0.21) $ (0.17)
Basic and diluted weighted average common shares used to calculate net loss per common share (in shares) 12,568,041 12,144,776 12,512,949 12,122,667