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CONSOLIDATED STATEMENTS OF OPERATIONS (10K) - USD ($)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues    
License fees $ 58,959 $ 48,688
Royalty income 62,966 30,016
Product sales, net 741,932 291,864
Total Revenues 863,857 370,568
Costs and Expenses    
Cost of goods sold 511,943 222,122
Research and development 770,542 788,242
Selling, general and administrative 1,773,540 1,288,050
Amortization of intangible assets 475,148 475,148
Depreciation 237,388 244,704
Total Costs and Expenses 3,768,561 3,018,266
Operating (Loss) (2,904,704) (2,647,698)
Other Income (Expense)    
Interest and miscellaneous income 5,386 69,686
Interest (expense) income (50,574) (506,529)
Equity in earnings (loss) of unconsolidated subsidiary 0 0
Foreign currency transaction (loss) (53,867) 0
Loss on early extinguishment of convertible note (135,078) 0
Proceeds from litigation settlement 1,200,000 0
Gain on sale of equipment 0 3,627
(Loss) Before Income Taxes (1,938,837) (3,080,914)
Income taxes 0 0
Net (Loss) (1,938,837) (3,080,914)
Less preferred stock dividends 0 (30,236)
Net (Loss) Allocable to Common Stockholders $ (1,938,837) $ (3,111,150)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.08) $ (0.21)
Weighted average number of common shares outstanding (in shares) 23,639,427 14,772,578