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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Product sales $ 285,914 $ 224,480 $ 779,835 $ 771,964
EXPENSES        
Personnel 520,666 294,620 1,241,742 859,963
Cost of products sold (exclusive of direct and indirect overhead and handling costs) 25,971 13,047 62,830 90,759
Research and development 941,539 485,715 3,071,113 1,739,289
Repairs and maintenance 1,232 1,203 4,215 2,474
Professional fees 151,749 132,308 613,000 663,592
Office and other 233,555 57,227 583,692 223,076
Board of Director fees and costs 37,008 26,549 101,704 69,565
Depreciation 1,292 2,527 4,261 7,553
Freight and shipping 1,527 1,036 3,977 4,561
Total operating expenses 1,914,539 1,014,232 5,686,534 3,670,832
LOSS FROM OPERATIONS (1,628,625) (789,752) (4,906,699) (2,898,868)
OTHER INCOME        
Investment and other income 3,284 2,451 9,181 9,394
LOSS BEFORE INCOME TAXES (1,625,341) (787,301) (4,897,518) (2,889,474)
PROVISION FOR INCOME TAXES
NET LOSS $ (1,625,341) $ (787,301) $ (4,897,518) $ (2,889,474)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.01) $ (0.01) $ (0.05) $ (0.04)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 121,086,101 87,239,361 104,286,287 79,697,435