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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Product sales $ 2,963,411 $ 2,135,197 $ 7,887,377 $ 5,977,202
Cost of product sales 1,095,724 920,935 2,980,965 2,564,775
Gross profit 1,867,687 1,214,262 4,906,412 3,412,427
Operating expenses        
Research and development 293,093 496,874 898,451 1,600,144
Sales and marketing 488,688 816,025 1,547,087 2,399,131
General and administrative 1,118,251 1,039,223 3,298,461 3,637,333
Total operating expenses 1,900,032 2,352,122 5,743,999 7,636,608
Operating loss (32,345) (1,137,860) (837,587) (4,224,181)
Other income (expenses), net        
Interest income 103 30 227 2,394
Loss on disposal of property and equipment 0 (1,213) 0 (1,213)
Interest expense (1,077) (33,334) (188,992) (41,667)
Amortization of debt discount 0 (93,598) (155,996) (124,797)
Write-off of deferred financing costs (67,664) 0 (67,664) (86,736)
Loss from equity-method investment in SAVSU (217,735) 0 (707,208) 0
Total other income (expenses), net (286,373) (128,115) (1,119,633) (252,019)
Net loss (318,718) (1,265,975) (1,957,220) (4,476,200)
Net loss attributable to non-controlling interest 0 296,974 0 924,288
Net loss attributable to BioLife Solutions, Inc. (318,718) (969,001) (1,957,220) (3,551,912)
Less: Preferred stock dividends (106,250) 0 (106,250) 0
Net loss attributable to common stockholders $ (424,968) $ (969,001) $ (2,063,470) $ (3,551,912)
Basic and diluted net loss per common share attributable to BioLife Solutions, Inc. (in dollars per share) $ (0.03) $ (0.08) $ (0.16) $ (0.28)
Basic and diluted weighted average common shares used to calculate net loss per common share (in shares) 13,238,248 12,699,419 13,102,238 12,575,560