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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Product sales $ 224,480 $ 241,147 $ 771,964 $ 1,069,289
EXPENSES        
Personnel 294,620 268,684 859,963 908,049
Cost of products sold (exclusive of depreciation, shown separately below) 13,047 19,660 90,759 118,056
Research and development 485,715 338,723 1,739,289 1,509,352
Repairs and maintenance 1,203 1,203 2,474 5,198
Professional fees 132,308 116,004 663,592 542,007
Office and other 57,227 111,713 233,076 338,250
Board of Director fees and costs 26,549 18,010 69,565 94,763
Depreciation 2,527 2,413 7,553 6,873
Freight and shipping 1,036 1,635 4,561 6,246
Gain on sale of property and equipment (1,261)
Total operating expenses 1,014,232 878,045 3,670,832 3,527,533
LOSS FROM OPERATIONS (789,752) (636,898) (2,898,868) (2,458,244)
OTHER INCOME        
Investment and other income 2,451 3,149 9,394 9,251
Total other income 2,451 3,149 9,394 9,251
LOSS BEFORE INCOME TAXES (787,301) (633,749) (2,889,474) (2,448,993)
Provision for income taxes
NET LOSS $ (787,301) $ (633,749) $ (2,889,474) $ (2,448,993)
BASIC AND FULLY DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.01) $ (0.01) $ (0.04) $ (0.03)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 87,239,361 72,966,028 79,697,435 71,721,264