XML 37 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Product sales $ 1,496,759 $ 1,211,900 $ 2,997,481 $ 3,276,930
Cost of product sales 678,111 666,580 1,296,210 1,828,221
Gross profit 818,648 545,320 1,701,271 1,448,709
Operating expenses        
Research and development 301,334 192,778 623,499 360,065
Sales and marketing 642,490 270,616 1,142,745 512,016
General and administrative 1,030,701 969,799 2,251,406 1,833,542
Total operating expenses 1,974,525 1,433,193 4,017,650 2,705,623
Operating loss (1,155,877) (887,873) (2,316,379) (1,256,914)
Other income (expenses)        
Interest income 5,482 4,517 13,719 4,517
Interest expense 0 0 0 (177,308)
Amortization of deferred financing costs 0 0 0 (13,022)
Total other income (expenses) 5,482 4,517 13,719 (185,813)
Net Loss (1,150,395) (883,356) (2,302,660) (1,442,727)
Net loss attributable to non-controlling interest 156,016 0 276,799 0
Net Loss attributable to BioLife Solutions, Inc. $ (994,379) $ (883,356) $ (2,025,861) $ (1,442,727)
Basic and diluted net loss per common share attributable to BioLife Solutions, Inc. $ (0.08) $ (0.07) $ (0.17) $ (0.16)
Basic and diluted weighted average common shares used to calculate net loss per common share 12,144,776 12,010,361 12,122,667 8,807,376