XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenues, net $ 4,403,247 $ 4,847,934 $ 9,333,338 $ 9,322,983
Cost of goods sold 1,130,108 1,033,089 2,238,551 2,076,730
Gross profit 3,273,139 3,814,845 7,094,787 7,246,253
Operating expenses:        
Sales, general, and administration 10,619,006 6,865,442 20,297,558 13,029,054
Research and development 13,841,193 24,190,714 28,938,210 42,367,549
Depreciation and amortization 24,262 14,280 43,859 27,852
Total operating expense 24,484,461 31,070,436 49,279,627 55,424,455
Operating loss (21,211,322) (27,255,591) (42,184,840) (48,178,202)
Other income:        
Miscellaneous income 114,320 25,585 155,937 44,098
Accreted interest 2,863 2,560 5,399 12,402
Total other income 117,183 28,145 161,336 56,500
Loss before taxes (21,094,139) (27,227,446) (42,023,504) (48,121,702)
Provision for income taxes
Net loss $ (21,094,139) $ (27,227,446) $ (42,023,504) $ (48,121,702)
Net loss per share, basic and diluted (in dollars per share) $ (0.11) $ (0.16) $ (0.21) $ (0.29)
Weighted average number of common shares outstanding (in shares) 196,325,715 172,782,264 195,613,639 168,734,760