v2.4.1.9
3. Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Inventories
    December 31, 2014     December 31, 2013  
Raw materials   $ 293,976     $ 77,103  
Work in process     166,807       -  
Finished goods     2,246       2,918  
Total   $ 463,029     $ 80,021  
Property and Equipment
Description Estimated Useful Life
Office equipment and furniture 5 years
Leasehold improvements 5 years
Computer equipment 5 years
Computer software 3 years
Accrued Expenses
    2014     2013  
Licensing fee   $ -     $ 500,000  
Royalty fee     10,000       -  
Accrued payroll and payroll taxes     13,393       197,969  
Professional and consulting fees     225,726       12,000  
Market research     137,345       -  
Monitoring program fees     82,861       -  
Other     52,200       3,210  
Total   $ 521,525     $ 713,179  
Assumptions for valuation of options
    Year Ended December 31,  
    2014     2013  
Risk-free interest rate     1.5% - 2.9 %     0.34% - 2.88 %
Expected volatility     74% - 113 %     86% - 131 %
Expected life of options in years   5 - 10 years     2 - 10 years  
Expected dividend yield     0.0 %     0.0 %
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
    December 31,  
    2014     2013  
Series B non-voting preferred stock     454,546       454,546  
Series C non-voting preferred stock     3,290,000       2,900,000  
Series D non-voting preferred stock     1,479,240       1,148,000  
Series E non-voting preferred stock     2,021,358       1,104,280  
Shares underlying outstanding warrants     11,520,762       10,422,525  
Shares underlying outstanding stock options     3,664,500       3,453,630  
Total     22,430,406       19,482,981