v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (20,453,427)us-gaap_NetIncomeLoss $ (9,133,098)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,168,303us-gaap_ShareBasedCompensation 1,345,136us-gaap_ShareBasedCompensation
Warrants issued in connection with license agreement 0CRMD_ExpenseWarrantsIssuedInConnectionWithLicenseAgreement 76,574CRMD_ExpenseWarrantsIssuedInConnectionWithLicenseAgreement
Amortization of deferred financing costs 0us-gaap_AmortizationOfFinancingCosts 282,886us-gaap_AmortizationOfFinancingCosts
Amortization of debt discount 0us-gaap_AmortizationOfDebtDiscountPremium 1,054,255us-gaap_AmortizationOfDebtDiscountPremium
Loss on foreign exchange transactions 150,803us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Loss on issuance of preferred stock, convertible notes and warrants 89,590CRMD_LossOnIssuanceOfConvertibleNotesAndWarrants 945,892CRMD_LossOnIssuanceOfConvertibleNotesAndWarrants
Loss on modification of equity instruments and extinguishment of derivative liabilities 2,462,588CRMD_LossOnModificationOfEquityInstrumentsAndExtinguishmentOfDerivativeLiabilities 1,459,661CRMD_LossOnModificationOfEquityInstrumentsAndExtinguishmentOfDerivativeLiabilities
Non-cash interest expense 0us-gaap_PaidInKindInterest 41,113us-gaap_PaidInKindInterest
Inventory reserve 175,000us-gaap_InventoryLIFOReserveEffectOnIncomeNet 0us-gaap_InventoryLIFOReserveEffectOnIncomeNet
Revaluation of derivative liabilities 8,848,953us-gaap_FairValueOptionChangesInFairValueGainLoss1 363,919us-gaap_FairValueOptionChangesInFairValueGainLoss1
Depreciation 15,074us-gaap_Depreciation 5,161us-gaap_Depreciation
Changes in operating assets and liabilities:    
Restricted cash 220,586us-gaap_IncreaseDecreaseInRestrictedCash (220,586)us-gaap_IncreaseDecreaseInRestrictedCash
Trade receivables (85,412)us-gaap_IncreaseDecreaseInAccountsReceivable (2,279)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (558,008)us-gaap_IncreaseDecreaseInInventories (80,021)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 72,958us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (195,350)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 8,055us-gaap_IncreaseDecreaseInAccountsPayable 10,560us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and accrued interest 522,995CRMD_IncreaseDecreaseAccruedExpensesAndAccruedInterest 448,747CRMD_IncreaseDecreaseAccruedExpensesAndAccruedInterest
Accrued interest, related parties 0CRMD_IncreaseDecreaseAccruedInterestRelatedParties (16,175)CRMD_IncreaseDecreaseAccruedInterestRelatedParties
Deferred revenue 46,324us-gaap_IncreaseDecreaseInDeferredRevenue 0us-gaap_IncreaseDecreaseInDeferredRevenue
Deferred rent (5,201)us-gaap_IncreaseDecreaseInDeferredLiabilities (4,927)us-gaap_IncreaseDecreaseInDeferredLiabilities
Net cash used in operating activities (6,320,819)us-gaap_NetCashProvidedByUsedInOperatingActivities (3,618,532)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (25,402)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (35,683)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (25,402)us-gaap_NetCashProvidedByUsedInInvestingActivities (35,683)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from senior convertible notes, net 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 686,250us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Proceeds from senior convertible notes, related party, net 0CRMD_ProceedsFromSeniorConvertibleNotesRelatedPartyNet 686,250CRMD_ProceedsFromSeniorConvertibleNotesRelatedPartyNet
Proceeds from Series C-1 preferred stock, net 0CRMD_ProceedsFrom8SeniorConvertibleNoteNet 1,463,439CRMD_ProceedsFrom8SeniorConvertibleNoteNet
Proceeds from Series C-2 preferred stock, related party, net 0CRMD_ProceedsFrom8SeniorConvertibleNotesRelatedPartyNet 1,463,439CRMD_ProceedsFrom8SeniorConvertibleNotesRelatedPartyNet
Proceeds from Series C-3 preferred stock, net 743,884CRMD_ProceedsFromSeriesC3PreferredStockNet 0CRMD_ProceedsFromSeriesC3PreferredStockNet
Proceeds from Series C-3 preferred stock, related party 575,000CRMD_ProceedsFromSeriesC3PreferredStockRelatedParty 0CRMD_ProceedsFromSeriesC3PreferredStockRelatedParty
Proceeds from exercise of warrants 0us-gaap_ProceedsFromWarrantExercises 60,000us-gaap_ProceedsFromWarrantExercises
Proceeds from exercise of stock options 318,150us-gaap_ProceedsFromStockOptionsExercised 2,400us-gaap_ProceedsFromStockOptionsExercised
Payments for deferred financing costs (2,366)us-gaap_PaymentsOfFinancingCosts (157,696)us-gaap_PaymentsOfFinancingCosts
Proceeds from sale of equity securities 6,723,248us-gaap_ProceedsFromIssuanceInitialPublicOffering 1,033,000us-gaap_ProceedsFromIssuanceInitialPublicOffering
Repurchase of outstanding warrants 0us-gaap_PaymentsForRepurchaseOfWarrants (33,000)us-gaap_PaymentsForRepurchaseOfWarrants
Net cash provided by financing activities 8,357,916us-gaap_NetCashProvidedByUsedInFinancingActivities 5,204,082us-gaap_NetCashProvidedByUsedInFinancingActivities
Foreign exchange effect on cash (46,048)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (11,445)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,965,647us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,538,422us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 2,373,893us-gaap_CashAndCashEquivalentsAtCarryingValue 835,471us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS - END OF YEAR 4,339,540us-gaap_CashAndCashEquivalentsAtCarryingValue 2,373,893us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for interest 2,074us-gaap_InterestPaid 118,064us-gaap_InterestPaid
Supplemental Disclosure of Non-Cash Financing Activities:    
Conversion of notes payable and accrued interest to common stock, fair value 0CRMD_SupplementalConversionOfConvertibleNotesToStock 1,768,722CRMD_SupplementalConversionOfConvertibleNotesToStock
Exchange of convertible notes to preferred stock 0CRMD_ExchangeOfConvertibleNotesToPreferredStock 1,119,340CRMD_ExchangeOfConvertibleNotesToPreferredStock
Conversion of preferred stock to common stock 2,447,384CRMD_ConversionOfPreferredStockToCommonStock 602,105CRMD_ConversionOfPreferredStockToCommonStock
Conversion of accounts payable and accrued expenses to preferred stock 645,458CRMD_ConversionOfAccountsPayableAndAccruedExpensesToPreferredStock 0CRMD_ConversionOfAccountsPayableAndAccruedExpensesToPreferredStock
Reclassification of derivative liabilities to equity 17,955,143CRMD_SupplementalNoncashTransactions 0CRMD_SupplementalNoncashTransactions
Settlement of accrued dividends with issuance of preferred stock 102,845CRMD_SettlementOfAccruedDividendsWithIssuanceOfPreferredStock 0CRMD_SettlementOfAccruedDividendsWithIssuanceOfPreferredStock
Conversion of wages and fees to common stock 96,851CRMD_ConversionOfWagesAndFeesToCommonStock 0CRMD_ConversionOfWagesAndFeesToCommonStock
Dividend, including beneficial conversion feature 82,899CRMD_DividendIncludingBeneficialConversionFeature 384,307CRMD_DividendIncludingBeneficialConversionFeature
Accrued deferred financing costs $ 0CRMD_AccruedDeferredFinancingCosts $ 2,366CRMD_AccruedDeferredFinancingCosts