Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
REVENUES            
OPERATING EXPENSES:        
Stock based compensation 892,576 2,820 9,997,201 6,435
Selling, general, and administrative expenses 804,587 580,402 2,602,556 846,465
Research and development 313,353 173,455 563,587 343,774
Depreciation and amortization 11,256 8,134 18,761 16,376
Total operating expenses 2,021,772 764,811 13,182,105 1,213,050
Loss from operations (2,021,772) (764,811) (13,182,105) (1,213,050)
OTHER INCOME (EXPENSES):        
Interest expense    (139,101) (117,042) (284,660)
Other expenses, net (2,808) (3,317) (11,516) (3,811)
Interest income 1,084    2,238   
Gain on sale of assets 2,426    2,426   
Total other income (expenses) 702 (142,418) (123,894) (288,471)
Loss before the provision for income taxes (2,021,070) (907,229) (13,305,999) (1,501,521)
PROVISION FOR INCOME TAXES, net            
NET LOSS $ (2,021,070) $ (907,229) $ (13,305,999) $ (1,501,521)
NET LOSS PER SHARE        
Basic $ (0.03) $ (0.03) $ (0.23) $ (0.05)
Diluted $ (0.03) $ (0.03) $ (0.23) $ (0.05)
SHARES USED IN CALCULATION OF NET INCOME PER SHARE        
Basic 62,953,471 33,229,093 56,684,609 33,229,093
Diluted 62,953,471 33,229,093 56,684,609 33,229,093