XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 41 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Revenue          
Diagnostic Testing Service $ 104,011 $ 0 $ 376,696 $ 0 $ 376,696
Product Sales 1,565 0 6,690 0 8,190
Total Revenue 105,576 0 383,386 0 384,886
Cost of Revenue          
Diagnostic Testing Service (9,000) 0 (29,985) 0 (29,985)
Product Sales 0 0 0 0 (5,164)
Total Cost of Revenue (9,000) 0 (29,985) 0 (35,149)
Loss on Reduction of Inventory to LCM (6,077) 0 (29,884) 0 (121,910)
Gross Profit 90,499 0 323,517 0 227,827
Selling expenses (87,704) 0 (281,971) 0 (455,026)
General and Administrative expenses (1,138,467) (1,274,189) (3,405,198) (2,231,906) (7,766,497)
Total operating expenses (1,226,171) (1,274,189) (3,687,169) (2,231,906) (8,221,523)
Operating Loss (1,135,672) (1,274,189) (3,363,652) (2,231,906) (7,993,694)
Interest Income 46 2,267 1,219 3,428 6,588
Interest Expense (7,756) (758) (11,816) (8,388) (38,947)
Net Loss before Income Taxes (1,143,382) (1,272,680) (3,374,249) (2,236,866) (8,026,053)
Income Taxes 0 0 0 0 250
Net Loss $ (1,143,382) $ (1,272,680) $ (3,374,249) $ (2,236,866) $ (8,026,303)
Loss per common share - basic and diluted (in dollars per share) $ (0.10) $ (0.11) $ (0.30) $ (0.27) $ (1.05)
Weighted average shares outstanding, basic & diluted (in shares) 11,256,867 11,256,867 11,256,867 8,394,219 7,657,400