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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues $ 4,183,891 $ 47,044 $ 4,350,803 $ 47,044
Operating Expenses        
Cost of revenues 792,483 78,205 862,150 78,205
Patent amortization expense 387,038 292,815 774,623 625,371
General and administrative 1,164,946 3,399,763 3,990,506 6,437,386
Total operating expenses 2,344,467 3,770,783 5,627,279 7,140,962
Income (loss) from operations 1,839,424 (3,723,739) (1,276,476) (7,093,918)
Other income (expense)        
Loss on extinguishment of notes payable 0 0 (2,268,373) (2,403,193)
Decrease (increase) in fair value of derivative liabilities 5,435 (78,682) 12,321 395,644
Other income 0 0 37 0
Interest expense, net (1,243,506) (129,892) (2,491,989) (296,160)
Total other (expense), net (1,238,071) (208,574) (4,748,004) (2,303,709)
Income (loss) before provision for income taxes 601,353 (3,932,313) (6,024,480) (9,397,627)
Provision for income taxes 0 0 0 0
Net income (loss) 601,353 (3,932,313) (6,024,480) (9,397,627)
Net income (loss) available to common shareholders $ 601,353 $ (3,932,313) $ (6,024,480) $ (9,397,627)
Basic income (loss) per share $ 0.02 $ (0.27) $ (0.20) $ (0.69)
Fully diluted income (loss) per share $ 0.02 $ (0.27) $ (0.20) $ (0.69)
Weighted average shares outstanding:        
Basic 34,301,770 14,613,039 30,611,175 13,577,273
Fully diluted 36,418,044 14,613,039 30,611,175 13,577,273