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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Product revenues $ 107,321 $ 43,335 $ 160,249 $ 72,821
License revenue 55,000 55,000
Total revenue 162,321 43,335 215,249 72,821
Cost of revenues (47,112) (19,930) (68,950) (33,994)
Gross profit 115,209 23,405 146,299 38,827
Selling, general and administrative expenses 989,223 1,455,250 2,843,694 2,875,043
Research and development 348,619 162,261 1,029,637 467,471
Amortization and depreciation 3,005 2,730 8,580 8,190
Operating loss (1,225,638) (1,596,836) (3,735,612) (3,311,877)
Other (expense) income:        
Interest expense (1,087,578) (247,310) (1,972,428) (564,383)
Change in fair value of derivative warrant liability (202,110) (202,110)
Grant income 31,223 20,894 113,319 57,922
Net loss (2,484,103) (1,823,252) (5,796,831) (3,818,338)
Net loss attributable to noncontrolling interest (69,843) (2,398) (191,674) (13,742)
Net loss attributable to common shareholders $ (2,414,260) $ (1,820,854) $ (5,605,157) $ (3,804,596)
Loss per share attributable to shareholders – basic and diluted (in dollars per share) $ (0.03) $ (0.02) $ (0.07) $ (0.05)
Weighted average number of common shares outstanding: (in shares) 88,148,092 84,459,614 86,809,862 83,616,879
Net loss $ (2,484,103) $ (1,823,252) $ (5,796,831) $ (3,818,338)
Foreign currency translation (11,799) (21,723)
Comprehensive loss (2,495,902) (1,823,252) (5,818,554) (1,653,711)
Comprehensive loss attributable to noncontrolling interest (69,843) (2,398) (191,674) (13,742)
Comprehensive loss attributable to common shareholders $ (2,426,059) $ (1,820,854) $ (5,626,880) $ (3,804,596)