XML 16 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Revenue $ 6,600
Cost of revenue 602 $ (8,083)
Gross profit 5,998 8,083
Operating expenses:    
Research and development 719,210 924,367
General and administrative 1,475,809 1,414,615
Sales and marketing 294,353 374,753
Total operating expenses 2,489,372 2,713,735
Loss from operations (2,483,374) (2,705,652)
Other income (expense)    
Interest expense (667,892) (499,797)
Change in fair value of derivative and warrant liabilities 1,174,444 (154,898)
Amortization of derivative and warrant liabilities discount (904,305) (1,127,143)
Amortization of deferred debt issuance costs and original issue discount (353,985) (281,118)
Gain on extinguishment of debt 260,564 $ 302,510
Loss on issance of variable rate debt (651,691)
Gain on foreign exchange transactions 4,385
Other expense, net (13,014) $ (22,183)
Total Other income (expense) (1,151,494) (1,782,629)
Net loss $ (3,634,868) $ (4,488,281)
Basic and diluted loss per share (in dollars per share) $ (0.02) $ (0.03)
Weighted average common shares outstanding (in shares) 216,335,085 170,237,633