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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 53 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Revenue          
Diagnostic testing service $ 72,187 $ 104,011 $ 361,905 $ 376,696 $ 837,307
Product sales 4,410 1,565 223,440 6,690 231,380
Total Revenue 76,597 105,576 585,345 383,386 1,068,687
Cost of Revenue          
Diagnostic testing service 25,938 9,000 75,893 29,985 111,638
Product sales 0 0 238,669 0 243,833
Total Cost of Revenue 25,938 9,000 314,562 29,985 355,471
Loss on reduction of inventory to LCM 0 6,077 0 29,884 121,910
Gross Profit 50,659 90,499 270,783 323,517 591,306
Selling expenses 373,418 87,704 965,383 281,971 1,605,259
Research and development expenses 321,111 548,108 731,258 1,508,944 4,288,644
General and administrative expenses 2,858,027 590,359 6,600,819 1,896,254 12,423,155
Total operating expenses 3,552,556 1,226,171 8,297,460 3,687,169 18,317,058
Operating Loss (3,501,897) (1,135,672) (8,026,677) (3,363,652) (17,725,752)
Interest income 53 46 53 1,219 6,641
Interest expense 1 7,756 360 11,816 39,531
Net Loss before Income Taxes (3,501,845) (1,143,382) (8,026,984) (3,374,249) (17,758,642)
Income Taxes 0 0 0 0 250
Net Loss $ (3,501,845) $ (1,143,382) $ (8,026,984) $ (3,374,249) $ (17,758,892)
Loss per common share - basic and diluted (in dollars per share) $ (0.22) $ (0.10) $ (0.55) $ (0.30) $ (1.95)
Weighted average shares outstanding, basic & diluted (in shares) 15,830,033 11,256,867 14,697,221 11,256,867 9,127,656