XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net revenues $ 225,155 $ 144,399 $ 322,793 $ 288,499
Cost of revenue 1,277,061 1,381,447 2,195,584 2,461,710
Gross Profit (1,051,906) (1,237,048) (1,872,791) (2,173,211)
Operating expenses:        
Research and development 370,648 1,122,962 1,078,472 2,384,963
Selling, general and administrative 2,835,548 4,672,540 6,039,081 8,959,768
Total operating expenses 3,206,196 5,795,502 7,117,553 11,344,731
Operating Loss (4,258,102) (7,032,550) (8,990,344) (13,517,942)
Other income (expenses):        
Interest income 688 2,710 1,306 4,815
Interest expense (1,158) (291,622) (2,357) (340,385)
Change in fair value of warrant liability 4,905,638 (105,292) 5,042,780 (89,859)
Registration rights liquidated damages (29,758)   (3,419,698)  
Other income, net 9,740 5,000 14,765 10,000
Total Other Income/(Loss) 4,885,150 (389,204) 1,636,796 (415,429)
Net Income/(Loss) $ 627,048 $ (7,421,754) $ (7,353,548) $ (13,933,371)
Basic net income/(loss) per common share $ 0.12 $ (1.72) $ (1.46) $ (3.38)
Diluted net income/(loss) per common share $ 0.12 $ (1.72) $ (1.46) $ (3.38)
Basic weighted average number of common shares outstanding 5,212,765 4,308,660 5,053,587 4,117,091
Diluted weighted average number of common shares outstanding 5,212,765 4,308,660 5,053,587 4,117,091