Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Revenue, net $ 1,175,841 $ 939,926
Cost of sales 481,743 369,597
Gross profit 694,098 570,329
Operating expenses:    
Research and development 8,803,033 3,065,053
Selling, general and administrative 3,543,184 3,321,771
Total operating expenses 12,346,217 6,386,824
Loss from operations (11,652,119) (5,816,495)
Other income (expense):    
Interest income 21,378 36,998
Interest expense (76,668) (4,030)
Local business tax (4,700) (5,789)
Other income (expense): 776 (203)
Total other income (expense), net (59,214) 26,976
Loss before income taxes (11,711,333) (5,789,519)
Income tax benefit 0 0
Net loss $ (11,711,333) $ (5,789,519)
Basic and diluted net loss per share $ (0.32) $ (0.16)
Shares used to compute basic and diluted net loss per share 36,656,257 36,153,588