XML 13 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Licensing fees $ 164,975 $ 168,960 $ 336,400 $ 205,518
Peptide and consumer product sales 340,349 161,438 475,281 194,598
Consumer product sales, related party 187,779 0 239,050 0
Total revenue 693,103 330,398 1,050,731 400,116
Cost of revenue:        
Cost of peptide and consumer product sales 247,698 124,745 338,995 149,234
Cost of consumer product sales, related party 104,995 0 134,525 0
Total cost of revenue 352,693 124,745 473,520 149,234
Gross profit 340,410 205,653 577,211 250,882
Operating expenses:        
Research and development 90,747 208,193 315,910 375,865
Marketing and business development 244,018 160,751 448,455 286,989
General and administrative 374,889 347,115 716,681 706,860
Accounting, legal and professional fees 144,196 185,168 309,633 306,775
Depreciation and amortization 28,147 29,291 54,764 58,373
Total operating expenses 881,997 930,518 1,845,443 1,734,862
Loss from operations (541,587) (724,865) (1,268,232) (1,483,980)
Other income (expense):        
Interest income 928 1,014 2,132 1,359
Interest expense on convertible notes payable 0 (35,745) 0 (64,273)
Interest expense on convertible notes payable, related party 0 (154,575) 0 (270,279)
Accretion of discount on convertible notes payable 0 (10,089) 0 (19,186)
Accretion of discount on convertible notes payable, related party 0 (18,227) 0 (33,177)
Equity in loss of affiliated company (59,065) 0 (51,073) 0
Change in fair value of option to purchase interest in affiliated company (25,151) 0 (17,436) 0
Total other income (expense), net (83,288) (217,622) (66,377) (385,556)
Net loss and comprehensive loss $ (624,875) $ (942,487) $ (1,334,609) $ (1,869,536)
Basic and diluted net loss per share (in Dollars per share) $ (0.01) $ (0.04) $ (0.03) $ (0.07)
Weighted average shares outstanding (in Shares) 49,720,255 25,653,512 49,720,255 25,653,512