• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenues    
Product Revenue $ 2,491,875 $ 3,108,450
Service Revenue 0 149,500
Total revenues 2,491,875 3,257,950
Cost of Revenues    
Cost of product revenue 1,627,851 1,860,171
Cost of service revenue 0 244,032
Total cost of revenue 1,627,851 2,104,203
Gross Profit 864,024 1,153,747
Operating Expenses:    
Selling, general and administrative expenses 11,549,375 11,086,616
Total Operating Expenses 11,549,375 11,086,616
Loss from Operations (10,685,351) (9,932,869)
Other Income (Expense):    
Interest expense (996,011) (251,394)
Interest income 41 164
Change in derivatives 1,221,597 0
Loss on extinguishment of debt 0 (322,000)
Total Other Income (Expense) 225,627 (573,230)
Net Loss (10,459,724) (10,506,099)
Other Comprehensive Income (Loss) 3,308 (3,504)
Net Comprehensive Loss $ (10,456,416) $ (10,509,603)
Net Loss Per Common Share:    
Basic and diluted $ (.14) $ (0.17)
Weighted Average Common Shares Outstanding:    
Basic and diluted 72,965,632 61,664,457