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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 50 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Revenue          
Diagnostic Testing Service $ 120,488 $ 219,972 $ 289,718 $ 272,685 $ 765,120
Product Sales 205,590 3,125 219,030 5,125 226,970
Total Revenue 326,078 223,097 508,748 277,810 992,090
Cost of Revenue          
Diagnostic Testing Service 2,356 17,788 49,955 20,985 85,700
Product Sales 219,804 0 238,669 0 243,833
Total Cost of Revenue 222,160 17,788 288,624 20,985 329,533
Loss on Reduction of Inventory to LCM 0 0 0 23,807 121,910
Gross Profit 103,918 205,309 220,124 233,018 540,647
Selling expenses 319,390 123,832 591,965 194,267 1,231,841
Research and Development expenses 189,955 543,081 410,147 961,071 3,967,533
General and Administrative expenses 2,177,920 704,208 3,742,792 1,305,660 9,565,126
Total operating expenses 2,687,265 1,371,121 4,744,904 2,460,998 14,764,500
Operating Loss (2,583,347) (1,165,812) (4,524,780) (2,227,980) (14,223,853)
Interest Income 0 310 0 1,173 6,588
Interest Expense 352 2,446 359 4,060 39,530
Net Loss before Income Taxes (2,583,699) (1,167,948) (4,525,139) (2,230,867) (14,256,795)
Income Taxes 0 0 0 0 250
Net Loss $ (2,583,699) $ (1,167,948) $ (4,525,139) $ (2,230,867) $ (14,257,045)
Loss per common share - basic and diluted (in dollars per share) $ (0.17) $ (0.10) $ (0.32) $ (0.20) $ (1.63)
Weighted average shares outstanding, basic & diluted (in shares) 14,808,728 11,256,867 14,120,962 11,256,867 8,722,843