XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Services $ 134,061 $ 220,926 $ 454,648 $ 505,652
License fees and other 752,820 194,888 1,850,568 340,754
886,881 415,814 2,305,216 846,406
Costs and other expenses        
Cost of services 55,660 66,597 94,480 122,379
Cost of license fees and other 740,301 69,893 1,362,415 125,959
795,961 136,490 1,456,895 248,338
Gross Profit 90,920 279,324 848,321 598,068
Operating Expenses        
Selling, general and administrative 1,431,208 1,038,904 3,051,358 2,031,429
Research, development and engineering 449,049 566,448 942,493 1,055,849
Total Operating Expenses 1,880,257 1,605,352 3,993,851 3,087,278
Operating loss (1,789,337) (1,326,028) (3,145,530) (2,489,210)
Other income (expenses)        
Interest income 8 7 14 13
Loss on derivative liabilities (49,468) (49,506)
Total other income (expenses) 8 (49,461) 14 (49,493)
Net loss (1,789,329) (1,375,489) (3,145,516) (2,538,703)
Convertible preferred stock dividends (200,625) (200,625) (401,250) (401,250)
Net loss available to common stockholders $ (1,989,954) $ (1,576,114) $ (3,546,766) $ (2,939,953)
Basic and Diluted Loss per Common Share (in dollars per share) $ (0.32) $ (0.29) $ (0.57) $ (0.53)
Weighted Average Shares Outstanding:        
Basic and diluted (in shares) 6,359,974 5,523,072 6,228,197 5,516,726