v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
REVENUES $ 11,160 $ 11,160
COSTS OF GOOD SOLD 5,717 5,717
GROSS PROFIT 5,443 5,443
OPERATING EXPENSES:        
General and administrative expenses 213,275 266,018 595,757 681,059
Stock based compensation 116,583 256,959 498,312 1,534,468
Research and development 87,735 216,228 260,413 352,328
Sales and marketing 63,375 63,375
Depreciation and amortization 6,619 4,373 22,055 19,373
Total operating expenses 487,587 743,578 1,439,912 2,587,228
Loss from operations (482,144) (743,578) (1,434,469) (2,587,228)
OTHER INCOME (EXPENSES):        
Interest expense (888) (477) (2,307) (1,619)
Interest income 594 594 1,768 1,762
Other income 47,082 48,204
Gain on sale of assets 95,000
Total other income (expenses) (294) 117 46,543 143,347
Loss before the provision for income taxes (482,438) (743,461) (1,387,926) (2,443,881)
PROVISION FOR INCOME TAXES
NET LOSS $ (482,438) $ (743,461) $ (1,387,926) $ (2,443,881)
NET LOSS PER SHARE        
Basic $ (0.01) $ (0.01) $ (0.02) $ (0.04)
Diluted $ (0.01) $ (0.01) $ (0.02) $ (0.04)
SHARES USED IN CALCULATION OF NET INCOME PER SHARE        
Basic 79,581,511 67,955,379 73,949,386 66,000,101
Diluted 79,581,511 67,955,379 73,949,386 66,000,101

Source