Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Consolidated Statements of Operations [Abstract]        
Sales $ 1,234,600 $ 67,980 $ 1,470,600 $ 67,980
Cost of Sales 2,294,675 2,759,052
Gross profit (loss) (1,060,075) 67,980 (1,288,452) 67,980
Operating Expenses        
Selling, general and administrative 1,617,036 968,811 2,788,028 2,037,058
Research and development 258,152 872,234 3,199,092 1,719,368
Total operating expenses 1,875,188 1,841,045 5,987,120 3,756,426
Interest expense, net 567 108,227 40,270 252,205
Net loss $ (2,935,830) $ (1,881,292) $ (7,315,842) $ (3,940,651)
Basic and diluted loss per share $ (0.14) $ (0.12) $ (0.35) $ (0.25)
Weighted average number of common shares outstanding 20,665,480 15,817,267 20,665,480 15,817,267