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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Product sales $ 2,135,197 $ 1,631,926 $ 5,977,202 $ 4,629,407
Cost of product sales 920,935 658,542 2,564,775 1,954,752
Gross profit 1,214,262 973,384 3,412,427 2,674,655
Operating expenses        
Research and development 496,874 329,527 1,600,144 953,026
Sales and marketing 816,025 677,033 2,399,131 1,819,778
General and administrative 1,039,223 1,263,272 3,637,333 3,514,678
Total operating expenses 2,352,122 2,269,832 7,636,608 6,287,482
Operating loss (1,137,860) (1,296,448) (4,224,181) (3,612,827)
Other income (expenses)        
Interest income 30 4,729 2,394 18,448
Loss on disposal of property and equipment (1,213) 0 (1,213) 0
Interest expense, related party (33,334) 0 (41,667) 0
Amortization of debt discount (93,598) 0 (124,797) 0
Write-off of deferred financing costs 0 0 (86,736) 0
Total other income (expenses) (128,115) 4,729 (252,019) 18,448
Net loss (1,265,975) (1,291,719) (4,476,200) (3,594,379)
Net loss attributable to non-controlling interest 296,974 223,031 924,288 499,830
Net loss attributable to BioLife Solutions, Inc. $ (969,001) $ (1,068,688) $ (3,551,912) $ (3,094,549)
Basic and diluted net loss per common share attributable to BioLife Solutions, Inc. (in dollars per share) $ (0.08) $ (0.09) $ (0.28) $ (0.26)
Basic and diluted weighted average common shares used to calculate net loss per common share (in shares) 12,699,419 12,157,575 12,575,560 12,134,474