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v3.10.0.1

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Revenues: |  |
Product Revenue | $ 302,475 | $ 643,187
Product Revenue - Related party |  | 24,063
Total Revenues | 302,475 | 667,250
Cost of Sales: |  |
Product Cost of Sales | (297,500) | (258,721)
Gross Income | 4,975 | 408,529
Administrative Expenses | 915,533 | 790,529
Sales and Marketing Expenses | 468,463 | 556,655
Sales and Marketing Expenses - Related Party | 31,689 | 32,279
Research and Development Expenses | 391,381 | 348,442
Research and Development Expenses - Related Party | 48,589 |
Amortization of Non-Current Assets | 42,777 | 42,777
Loss from Operations | (1,893,457) | (1,362,153)
Other (Income)/Expenses |  |
Foreign Currency Transaction (Gain)/Loss | 2,875 | (10,346)
Interest and Dividend Income | (36,341) | (2,537)
Total Other Income | (33,466) | (12,883)
Loss Before Income Taxes | (1,859,991) | (1,349,270)
Income Tax Benefit |  |
Net Loss Attributable to Common Shareholders | (1,859,991) | (1,349,270)
Other Comprehensive Income/(Loss) |  |
Net Unrealized Gain/(Loss) on Marketable Securities | (16,843) | 156
Total Other Comprehensive Income/(Loss) | (16,843) | 156
Comprehensive Loss | $ (1,876,834) | $ (1,349,114)
Basic and Diluted loss per common share | $ (0.03) | $ (0.19)
Weighted average basic and diluted common shares outstanding | 71,315,461 | 6,993,574

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