Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Statements of Operations [Abstract]        
Sales       $ 51,728   
Cost of sales       31,907   
Gross profit       19,821   
Other revenue - fee 24,174 21,249 47,349 39,904
Operating expenses:        
Selling, general and administrative 1,674,719 1,354,330 3,569,161 2,782,285
Research and development 950,147 1,800,522 2,002,445 3,212,495
Total operating expenses 2,624,866 3,154,852 5,571,606 5,994,780
Operating loss (2,600,692) (3,133,603) (5,504,436) (5,954,876)
Other income (expense):        
Interest expense (25,768) (30,747) (62,558) (74,806)
Investment (loss) income 34,941 19,731 27,826 32,241
Other income          50,653
Total other income (expense) 9,173 (11,016) (34,732) 8,088
Net loss $ (2,591,519) $ (3,144,619) $ (5,539,168) $ (5,946,788)
Basic and diluted net loss per share (Note 1) $ (0.08) $ (0.21) $ (0.21) $ (0.48)
Basic and diluted weighted average number of shares outstanding (Note 1) 30,782,937 14,756,578 26,236,252 12,368,745