Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
REVENUES
OPERATING EXPENSES:    
Stock based compensation $ 1,918,183 $ 11,667,361
Selling, general, and administrative expenses 1,008,755 $ 4,014,859
Inventory impairment 958,575
Research and development 491,829 $ 1,160,771
Depreciation and amortization 23,758 38,972
Total operating expenses 4,401,100 16,881,963
Loss from operations (4,401,100) (16,881,963)
OTHER INCOME (EXPENSES):    
Interest expense (2,334) (118,780)
Interest income 2,355 $ 3,692
Other income 48,204
Gain on sale of assets 95,000 $ 2,426
Total other income (expenses) 143,225 (112,662)
Loss before provision for income taxes $ (4,257,875) $ (16,994,625)
PROVISION FOR INCOME TAXES
NET LOSS $ (4,257,875) $ (16,994,625)
NET LOSS PER SHARE    
Basic $ (0.06) $ (0.28)
Diluted $ (0.06) $ (0.28)
SHARES USED IN CALCULATION OF NET INCOME PER SHARE    
Basic 66,873,761 60,225,524
Diluted 66,873,761 60,225,524