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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
REVENUES            
OPERATING EXPENSES:        
Stock based compensation 786,747 2,073 10,783,948 8,508
Selling, general, and administrative expenses 724,454 766,065 3,327,010 1,612,530
Research and development 357,519 334,155 921,106 677,929
Depreciation and amortization 9,435 8,784 28,196 25,160
Total operating expenses 1,878,155 1,111,077 15,060,260 2,324,127
Loss from operations (1,878,155) (1,111,077) (15,060,260) (2,324,127)
OTHER INCOME (EXPENSES):        
Interest expense    (229,335) (117,042) (513,995)
Other expenses, net (3,069) (7,928) (14,585) (11,739)
Interest income 830    3,068   
Gain on sale of assets       2,426   
Total other income (expenses) (2,239) (237,263) (126,133) (525,734)
Loss before the provision for income taxes (1,880,394) (1,348,340) (15,186,393) (2,849,861)
PROVISION FOR INCOME TAXES            
NET LOSS $ (1,880,394) $ (1,348,340) $ (15,186,393) $ (2,849,861)
NET LOSS PER SHARE        
Basic $ (0.03) $ (0.04) $ (0.26) $ (0.09)
Diluted $ (0.03) $ (0.04) $ (0.26) $ (0.09)
SHARES USED IN CALCULATION OF NET INCOME PER SHARE        
Basic 63,610,949 33,229,093 59,019,453 33,229,093
Diluted 63,610,949 33,229,093 59,019,453 33,229,093