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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
License fees $ 1,453 $ 16,157 $ 362,542 $ 46,675
Product sales, net 4,196 8,642 16,232 531,769
Total Revenues 5,649 24,799 378,774 578,444
Costs and Expenses        
Cost of product sold 494 4,246 1,945 187,062
Research and development 119,011 172,169 390,501 595,663
Selling, general and administrative 304,612 502,165 1,008,313 1,443,356
Amortization of intangible assets 201,718 119,763 599,880 355,385
Depreciation 33,237 41,973 99,567 146,500
Total Costs and Expenses 659,072 840,316 2,100,206 2,727,966
Operating (Loss) (653,423) (815,517) (1,721,432) (2,149,522)
Other Income (Expense)        
Interest and miscellaneous income 232 0 769 211
Interest expense (32,509) (51,765) (123,712) (127,919)
Equity in earnings (loss) of unconsolidated subsidiary 0 0 0 0
Foreign currency transaction gain (loss) (282) 1,192 808 (56,512)
Accommodation fee due on promissory note 0 0 (25,000) 0
(Loss) Before Income Taxes (685,982) (866,090) (1,868,567) (2,333,742)
Income taxes 0 0 0 0
Net (Loss) $ (685,982) $ (866,090) $ (1,868,567) $ (2,333,742)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.01) $ (0.03) $ (0.03) $ (0.09)
Weighted average number of common shares outstanding (in shares) 62,974,431 24,968,383 54,566,729 24,733,299