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 9 Months Ended 12 Months Ended 93 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Income Statement [Abstract]              
REVENUES                $ 10,000 $ 92,903
OPERATING EXPENSES:              
Stock based compensation 786,747 2,073 10,783,948 8,508 9,877 23,645 1,599,467
Research and development 357,519 334,155 921,106 677,929 944,330 702,792 15,542,286
Selling, general, and administrative expenses 724,454 766,065 3,327,010 1,612,530 2,611,184 979,285 15,030,573
Depreciation and amortization 9,435 8,784 28,196 25,160 36,231 123,206 1,423,226
Total operating expenses 1,878,155 1,111,077 15,060,260 2,324,127 3,591,745 1,805,283 31,996,085
Loss from operations (1,878,155) (1,111,077) (15,060,260) (2,324,127) (3,591,745) (1,795,283) (31,903,182)
OTHER INCOME (EXPENSES):              
Interest expense    (229,335) (117,042) (513,995) (741,916) (734,168) (4,309,379)
Gain (loss) on sale and disposal of assets       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 (3,069) (7,928) (14,585) (11,739) (18,274) (12,685) (175,611)
Interest income 830    3,068         
Total other income (expenses) (2,239) (237,263) (126,133) (525,734) (769,420) (748,107) (994,475)
Loss before the provision for income taxes (1,880,394) (1,348,340) (15,186,393) (2,849,861) (4,361,165) (2,543,390) (32,897,657)
PROVISION FOR INCOME TAXES                     
NET LOSS $ (1,880,394) $ (1,348,340) $ (15,186,393) $ (2,849,861) $ (4,361,165) $ (2,543,390) $ (32,897,657)
NET LOSS PER SHARE              
Basic $ (0.03) $ (0.04) $ (0.26) $ (0.09) $ (0.46) $ (0.27)  
Diluted $ (0.03) $ (0.04) $ (0.26) $ (0.09) $ (0.46) $ (0.27)  
SHARES USED IN CALCULATION OF NET INCOME PER SHARE              
Basic 63,610,949 33,229,093 59,019,453 33,229,093 9,488,227 9,488,227  
Diluted 63,610,949 33,229,093 59,019,453 33,229,093 9,488,227 9,488,227