XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues $ 13,942 $ 13,875
Cost of revenues 6,081 6,381
Gross profit 7,861 7,494
Selling, general and administrative expenses 930,907 560,525
Research and development 351,050 137,999
Amortization 2,730 2,730
Operating loss (1,276,826) (680,964)
Other (expense) income:    
Interest expense (406,325) (105,224)
Grant income 38,758 12,796
Net loss (1,644,393) (786,188)
Net loss attributable to noncontrolling interest (66,972) (5,756)
Net loss attributable to common shareholders $ (1,577,421) $ (780,432)
Loss per share attributable to shareholders – basic and diluted (in dollars per share) $ (0.02) $ (0.01)
Weighted average number of common shares outstanding: (in shares) 85,847,219 82,973,744
Net loss $ (1,644,393) $ (786,188)
Foreign currency translation (9,318)
Comprehensive loss (1,653,711) $ (786,188)
Comprehensive loss attributable to noncontrolling interest (66,972) (5,756)
Comprehensive loss attributable to common shareholders $ (1,586,739) $ (780,432)