XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenue    
Tissue sales $ 34,569,160us-gaap_SalesRevenueGoodsNet $ 32,563,933us-gaap_SalesRevenueGoodsNet
Royalties and other 762,652us-gaap_RoyaltyRevenue 509,481us-gaap_RoyaltyRevenue
Total Revenue 35,331,812us-gaap_SalesRevenueNet 33,073,414us-gaap_SalesRevenueNet
Cost of sales 13,034,314us-gaap_CostOfGoodsAndServicesSold 14,185,719us-gaap_CostOfGoodsAndServicesSold
Gross Profit 22,297,498us-gaap_GrossProfit 18,887,695us-gaap_GrossProfit
Operating Expenses    
General and administrative 8,886,972us-gaap_GeneralAndAdministrativeExpense 10,204,659us-gaap_GeneralAndAdministrativeExpense
Sales and marketing 16,912,865us-gaap_SellingAndMarketingExpense 16,017,229us-gaap_SellingAndMarketingExpense
Research and development 1,443,018us-gaap_ResearchAndDevelopmentExpense 572,361us-gaap_ResearchAndDevelopmentExpense
Depreciation and amortization 271,748us-gaap_DepreciationAndAmortization 377,524us-gaap_DepreciationAndAmortization
Impairment of assets 912,549us-gaap_AssetImpairmentCharges 728,618us-gaap_AssetImpairmentCharges
Non-cash consulting expense 135,075us-gaap_OtherNoncashExpense (5,117)us-gaap_OtherNoncashExpense
Total Operating Expenses 28,562,227us-gaap_OperatingExpenses 27,895,274us-gaap_OperatingExpenses
Loss from Operations (6,264,729)us-gaap_OperatingIncomeLoss (9,007,579)us-gaap_OperatingIncomeLoss
Other Income (Expense)    
Interest expense (5,660,357)us-gaap_InterestExpense (4,653,232)us-gaap_InterestExpense
Change in warrant derivative liability 1,736,053us-gaap_DerivativeGainLossOnDerivativeNet 875,041us-gaap_DerivativeGainLossOnDerivativeNet
Other (expense) (318,836)us-gaap_OtherNonoperatingIncomeExpense 92,645us-gaap_OtherNonoperatingIncomeExpense
Total Other Income (Expense) (4,243,140)us-gaap_NonoperatingIncomeExpense (3,685,546)us-gaap_NonoperatingIncomeExpense
Net Loss from Operations Before (Provision) Benefit for Income Taxes (10,507,869)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (12,693,125)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
(Provision) Benefit for Income Taxes    
Current 0us-gaap_CurrentIncomeTaxExpenseBenefit 0us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred 0us-gaap_DeferredIncomeTaxExpenseBenefit 0us-gaap_DeferredIncomeTaxExpenseBenefit
Net Loss $ (10,507,869)us-gaap_NetIncomeLoss $ (12,693,125)us-gaap_NetIncomeLoss
Net loss per share:    
Basic (in dollars per share) $ (1.76)us-gaap_EarningsPerShareBasic $ (2.80)us-gaap_EarningsPerShareBasic
Dilutive (in dollars per share) $ (1.76)us-gaap_EarningsPerShareDiluted $ (2.80)us-gaap_EarningsPerShareDiluted
Shares used in the computation:    
Basic (in shares) 5,954,195us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,530,072us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Dilutive (in shares) 5,954,195us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,530,072us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding