Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Statements of Operations [Abstract]      
Sales (Note 1) $ 56,068 $ 41,557 $ 219,420
Cost of sales 21,193 592 16,345
Gross profit 34,875 40,965 203,075
Other revenue - fee (Note 7) 84,620 20,571 62,179
Operating expenses:      
Selling, general and administrative 5,516,504 5,184,823 5,575,221
Research and development 6,706,174 3,838,375 5,666,221
Total operating expenses 12,222,678 9,023,198 11,241,442
Operating loss (12,103,183) (8,961,662) (10,976,188)
Other income (expense):      
Interest, net (96,125) (248,629) (180,509)
Gain on contract termination (Note 7)       938,896
Other income (expense) 50,653 (1,924) 4,000
Total other (expense) income (45,472) (250,553) 762,387
Net loss $ (12,148,655) $ (9,212,215) $ (10,213,801)
Basic and diluted net loss per share (Note 1) $ (0.72) $ (1.84) $ (7.61)
Basic and diluted weighted average number of common shares outstanding (Note 1) 16,948,901 4,996,827 1,341,379