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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
License fees $ 1,436 $ 259,813 $ 2,858 $ 361,089
Product sales, net 2,878 4,520 218,573 12,036
Total Revenues 4,314 264,333 221,431 373,125
Costs and Expenses        
Cost of product sold 345 528 82,279 1,451
Research and development 48,192 135,331 108,321 271,490
Selling, general and administrative 329,923 384,900 724,530 703,701
Amortization of intangible assets 113,027 199,526 202,334 398,162
Depreciation 32,842 33,165 65,558 66,330
Total Costs and Expenses 524,329 753,450 1,183,022 1,441,134
Operating (Loss) (520,015) (489,117) (961,591) (1,068,009)
Other Income (Expense)        
Interest and miscellaneous income 2 515 4 537
Interest expense (133,864) (44,445) (155,141) (91,203)
Foreign currency transaction gain (loss) (3,181) (3,196) (3,071) 1,090
Gain on settlement of liability 114,013 0 114,013 0
Accommodation fee due on promissory note 0 0 0 (25,000)
(Loss) Before Income Taxes (543,045) (536,243) (1,005,786) (1,182,585)
Income taxes 0 0 0 0
Net (Loss) $ (543,045) $ (536,243) $ (1,005,786) $ (1,182,585)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Weighted average number of common shares outstanding (in shares) 76,349,431 62,974,431 69,772,774 50,316,681