Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Sales $ 139,980 $ 177,500
Operating Expenses    
Selling, general and administrative 3,860,618 2,950,467
Research and development 4,740,331 3,436,751
Total operating expenses 8,600,949 6,387,218
Interest expense, net 965,884 398,963
Net loss $ (9,426,853) $ (6,608,680)
Basic and diluted loss per share $ (0.55) $ (0.49)
Weighted average number of common shares outstanding 17,293,394 13,602,884