General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended 93 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Income Statement [Abstract]              
REVENUES                $ 10,000 $ 92,903
OPERATING EXPENSES:              
Stock based compensation 892,576 2,820 9,997,201 6,435 9,877 23,645 1,599,467
Research and development 313,353 173,455 563,587 343,774 944,330 702,792 15,542,286
Selling, general, and administrative expenses 804,587 580,402 2,602,556 846,465 2,611,184 979,285 15,030,573
Depreciation and amortization 11,256 8,134 18,761 16,376 36,231 123,206 1,423,226
Total operating expenses 2,021,772 764,811 13,182,105 1,213,050 3,591,745 1,805,283 31,996,085
Loss from operations (2,021,772) (764,811) (13,182,105) (1,213,050) (3,591,745) (1,795,283) (31,903,182)
OTHER INCOME (EXPENSES):              
Interest expense    (139,101) (117,042) (284,660)      
Interest expense, net         (741,916) (734,168) (4,309,379)
Net loss on sale and disposal of assets 2,426    2,426    (9,230) (1,254) (37,878)
Research grant income               1,179,646
Gain on debt extinguishment               786,945
Federal and state tax credits               1,506,596
Dividend income               55,206
Other expenses, net (2,808) (3,317) (11,516) (3,811) (18,274) (12,685) (175,611)
Interest income 1,084    2,238         
Total other expenses 702 (142,418) (123,894) (288,471) (769,420) (748,107) (994,475)
Loss before the provision for income taxes (2,021,070) (907,229) (13,305,999) (1,501,521) (4,361,165) (2,543,390) (32,897,657)
PROVISION FOR INCOME TAXES, net                     
NET LOSS $ (2,021,070) $ (907,229) $ (13,305,999) $ (1,501,521) $ (4,361,165) $ (2,543,390) $ (32,897,657)
NET LOSS PER SHARE              
Basic $ (0.03) $ (0.03) $ (0.23) $ (0.05) $ (0.46) $ (0.27)  
Diluted $ (0.03) $ (0.03) $ (0.23) $ (0.05) $ (0.46) $ (0.27)  
SHARES USED IN CALCULATION OF NET INCOME PER SHARE              
Basic 62,953,471 33,229,093 56,684,609 33,229,093 9,488,227 9,488,227  
Diluted 62,953,471 33,229,093 56,684,609 33,229,093 9,488,227 9,488,227