Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Statements of Operations [Abstract]    
Sales (Note 1) $ 51,728   
Cost of sales 31,907   
Gross profit 19,821   
Other revenue - fee (Note 7) 23,175 18,655
Operating expenses:    
Selling, general and administrative 1,894,442 1,427,955
Research and development 1,052,298 1,411,973
Total operating expenses 2,946,740 2,839,928
Operating loss (2,903,744) (2,821,273)
Other (expense) income:    
Interest expense (36,790) (44,059)
Investment (loss) income (7,115) 12,510
Other income    50,653
Total other (expense) income (43,905) 19,104
Net loss $ (2,947,649) $ (2,802,169)
Basic and diluted net loss per share (Note 1) $ (0.14) $ (0.28)
Basic and diluted weighted average number of common shares outstanding (Note 1) 21,639,049 9,954,380