Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues, net $ 380,527 $ 349,937
Cost of sales 198,209 94,977
Gross profit 182,318 254,960
Operating expenses:    
Research and development 353,198 412,901
Selling, general and administrative 1,307,994 1,357,446
Total operating expenses 1,661,192 1,770,347
Loss from operations (1,478,874) (1,515,387)
Other income (expense):    
Interest income 383 177
Interest expense (138,265) (43,781)
Local business tax (152) (22)
Total other income (expense), net (138,034) (43,626)
Loss before income taxes (1,616,908) (1,559,013)
Net loss $ (1,616,908) $ (1,559,013)
Basic and diluted net loss per share $ (0.250) $ (0.275)
Shares used to compute basic and diluted net loss per share 6,449,342 5,667,521