Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
REVENUES
OPERATING EXPENSES:        
Stock based compensation $ 256,959 $ 786,747 $ 1,534,468 $ 10,783,948
Selling, general, and administrative expenses 266,018 724,454 681,059 3,327,010
Research and development 216,228 357,519 352,328 921,106
Depreciation and amortization 4,373 9,435 19,373 28,196
Total operating expenses 743,578 1,878,155 2,587,228 15,060,260
Loss from operations (743,578) $ (1,878,155) (2,587,228) (15,060,260)
OTHER INCOME (EXPENSES):        
Interest expense $ (477) $ (1,619) (117,042)
Other expenses $ (3,069) (14,585)
Interest income $ 594 $ 830 $ 1,762 $ 3,068
Other income 48,204
Gain on sale of assets 95,000 $ 2,426
Total other income (expenses) $ 117 $ (2,239) 143,347 (126,133)
Loss before provision for income taxes $ (743,461) $ (1,880,394) $ (2,443,881) $ (15,186,393)
PROVISION FOR INCOME TAXES
NET LOSS $ (743,461) $ (1,880,394) $ (2,443,881) $ (15,186,393)
NET LOSS PER SHARE        
Basic $ (0.01) $ (0.03) $ (0.04) $ (0.26)
Diluted $ (0.01) $ (0.03) $ (0.04) $ (0.26)
SHARES USED IN CALCULATION OF NET INCOME PER SHARE        
Basic 67,955,379 63,610,949 66,000,101 59,019,453
Diluted 67,955,379 63,610,949 66,000,101 59,019,453