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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Consolidated Statements of Operations [Abstract]        
Sales $ 1,906,000 $ 72,000 $ 3,376,600 $ 139,980
Cost of Sales 4,173,364 6,932,416
Gross loss (2,267,364) 72,000 (3,555,816) 139,980
Operating Expenses        
Selling, general and administrative 1,968,260 1,789,435 4,755,642 2,758,245
Research and development 1,024,470 1,745,981 4,224,208 2,618,215
Total operating expenses 2,992,730 3,535,416 8,979,850 5,376,461
Interest expense, net 2,765 329,692 43,035 437,919
Net loss $ (5,262,859) $ (3,793,108) $ (12,578,701) $ (5,674,400)
Basic and diluted loss per share $ (0.25) $ (0.24) $ (0.61) $ (0.36)
Weighted average number of common shares outstanding 20,665,480 15,817,267 20,665,480 15,817,267