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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Product sales $ 1,851,033 $ 2,362,774 $ 3,274,251 $ 4,615,903
License fees 100,595 0 201,189 0
Royalties 374,476 61,124 696,593 125,296
Total revenues 2,326,104 2,423,898 4,172,033 4,741,199
Cost of revenues        
Cost of sales 1,853,047 1,354,705 3,261,868 2,622,015
Cost of royalties 44,446 3,940 88,690 9,074
Total cost of revenues 1,897,493 1,358,645 3,350,558 2,631,089
Gross profit 428,611 1,065,253 821,475 2,110,110
Operating expenses        
Salaries and wages 2,587,909 2,045,176 4,269,995 4,043,372
Consulting expenses 333,299 647,117 1,169,631 1,180,629
Professional fees 392,937 316,506 632,029 441,854
Research, development, trials and studies 957,637 1,225,354 1,911,320 2,127,039
General and administrative expenses 1,295,490 1,492,831 2,627,321 3,982,157
Impairment of IPR&D and trademarks 4,683,829 0 4,683,829 0
Total operating expenses 10,251,101 5,726,984 15,294,125 11,775,051
Loss from operations (9,822,490) (4,661,731) (14,472,650) (9,664,941)
Other income (expense)        
Interest, net (589,703) (426,284) (1,768,873) (945,313)
Change in fair value of derivative liabilities (902,561) 51,467 (701,499) 244,560
Other (1,239) 4,788 (1,239) 255
Total other income (expenses) (1,493,503) (370,029) (2,471,611) (700,498)
Loss before provision for income taxes (11,315,993) (5,031,760) (16,944,261) (10,365,439)
Income tax provision 4,645 4,890 9,290 9,780
Net loss to common stockholders $ (11,320,638) $ (5,036,650) $ (16,953,551) $ (10,375,219)
Loss per common share —Basic and diluted (in dollars per share) $ (0.09) $ (0.05) $ (0.15) $ (0.10)
Weighted average shares outstanding —Basic and diluted (in shares) 121,638,826 104,616,535 116,459,607 101,876,216