Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Statements of Operations [Abstract]        
Sales $ 57,089 $ 36,296 $ 92,894 $ 88,024
Cost of sales 14,533 12,391 26,636 44,298
Gross profit 42,556 23,905 66,258 43,726
Other revenue - fee 24,175 24,175 72,524 71,524
Operating expenses:        
Selling, general and administrative 1,231,101 1,473,301 4,249,560 5,042,462
Research and development 426,263 1,119,315 1,686,413 3,121,760
Total operating expenses 1,657,364 2,592,616 5,935,973 8,164,222
Operating loss (1,590,633) (2,544,536) (5,797,191) (8,048,972)
Other income (expense):        
Interest expense (25,393) (27,188) (74,652) (89,746)
Investment (loss) income $ 32,942 4,343 $ 69,151 32,169
Other income 34,000 34,000
Total other income (expense) $ 7,549 11,155 $ (5,501) (23,577)
Net loss $ (1,583,084) $ (2,533,381) $ (5,802,692) $ (8,072,549)
Basic and diluted net loss per share (Note 1) $ (0.05) $ (0.08) $ (0.19) $ (0.29)
Basic and diluted weighted average number of shares outstanding (Note 1) 30,990,029 30,990,029 30,990,029 27,838,257