Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.2.0.727
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
REVENUES        
OPERATING EXPENSES:        
Stock based compensation $ 485,842 $ 892,576 $ 1,277,509 $ 9,997,201
Selling, general, and administrative expenses 87,771 804,587 415,041 2,602,556
Research and development 54,078 313,353 136,100 563,587
Depreciation and amortization 4,376 11,256 15,000 18,761
Total operating expenses 632,067 2,021,772 1,843,650 13,182,105
Loss from operations (632,067) $ (2,021,772) (1,843,650) (13,182,105)
OTHER INCOME (EXPENSES):        
Interest expense $ (989)   $ (1,142) (117,042)
Other expenses   $ (2,808)   (11,516)
Interest income $ 587 $ 1,084 $ 1,168 $ 2,238
Other income $ 48,204   48,204  
Gain on sale of assets   $ 2,426 95,000 $ 2,426
Total other income (expenses) $ 47,802 702 143,230 (123,894)
Loss before provision for income taxes $ (584,265) $ (2,021,070) $ (1,700,420) $ (13,305,999)
PROVISION FOR INCOME TAXES        
NET LOSS $ (584,265) $ (2,021,070) $ (1,700,420) $ (13,305,999)
NET LOSS PER SHARE        
Basic $ (0.01) $ (0.03) $ (0.03) $ (0.23)
Diluted $ (0.01) $ (0.03) $ (0.03) $ (0.23)
SHARES USED IN CALCULATION OF NET INCOME PER SHARE        
Basic 65,734,606 62,953,471 65,006,258 56,684,609
Diluted 65,734,606 62,953,471 65,006,258 56,684,609