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DEPRECIATION, SHARE-BASED PAYMENTS, EMPLOYEE AND OTHER EXPENSES (Tables)
12 Months Ended
Dec. 31, 2017
DEPRECIATION, SHARE-BASED PAYMENTS, EMPLOYEE AND OTHER EXPENSES  
Schedule of depreciation, share-based payments, employee and other expenses

                                                                                                                                                                                                                        

 

 

 

For the years ended December 31,

 

 

 

 

2017

 

2016

 

2015

 

 

COST OF GOODS SOLD

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

59,115

 

$

209,613

 

$

165,884

 

 

Share-based payments

 

 

70,242

 

 

45,803

 

 

310,360

 

 

Cash-based employee expenses

 

 

2,595,654

 

 

2,753,841

 

 

3,070,566

 

 

Other expenses

 

 

752,810

 

 

4,082,504

 

 

3,391,324

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3,477,821

 

$

7,091,761

 

$

6,938,134

 

 

 

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

Selling expenses

 

 

 

 

 

 

 

 

 

 

 

Share-based payments

 

$

98,379

 

$

138,334

 

$

120,780

 

 

Cash-based employee expenses

 

 

202,261

 

 

109,150

 

 

31,447

 

 

Other expenses

 

 

585,586

 

 

449,154

 

 

503,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

886,226

 

 

696,638

 

 

655,669

 

 

 

 

 

 

 

 

 

 

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

93,196

 

 

119,977

 

 

78,544

 

 

Share-based payments

 

 

1,080,627

 

 

510,508

 

 

1,323,583

 

 

Cash-based employee expenses

 

 

2,792,897

 

 

2,713,110

 

 

2,128,392

 

 

Litigation expenses

 

 

2,410,350

 

 

13,170,138

 

 

7,058,226

 

 

Expenses related to the financing

 

 

5,447,182

 

 

 

 

 

 

Other expenses

 

 

3,860,531

 

 

2,669,054

 

 

3,324,331

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,684,783

 

 

19,182,787

 

 

13,913,076

 

 

 

 

 

 

 

 

 

 

 

Product development and clinical trials expenses

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

382,234

 

 

426,144

 

 

259,281

 

 

Share-based payments

 

 

1,235,294

 

 

1,115,466

 

 

2,359,442

 

 

Cash-based employee expenses

 

 

4,971,668

 

 

6,183,013

 

 

5,000,258

 

 

Other expenses

 

 

10,899,896

 

 

11,639,880

 

 

9,562,414

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,489,092

 

 

19,364,503

 

 

17,181,395

 

 

 

 

 

 

 

 

 

 

 

TOTAL EXPENSES

 

$

34,060,101

 

$

39,243,928

 

$

31,750,140

 

 

 

 

 

 

 

 

 

 

 

Depreciation per Statements of Cash Flows

 

$

534,545

 

$

755,734

 

$

503,709

 

 

 

 

 

 

 

 

 

 

 

Share-based payments per Statements of Cash Flows

 

$

2,484,542

 

$

1,810,111

 

$

4,114,165

 

 

 

 

 

 

 

 

 

 

 

Cash-based employee expenses (see Note 19)

 

$

10,562,480

 

$

11,759,114

 

$

10,230,663