Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

v2.4.1.9
Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (1,292,777)us-gaap_NetIncomeLoss $ (1,640,884)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,872us-gaap_DepreciationAndAmortization 6,487us-gaap_DepreciationAndAmortization
Stock issued as compensation to non-employee directors 66,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 5,545us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Stock-based compensation expense 46,140us-gaap_ShareBasedCompensation  
Changes in operating assets and liabilities:    
Accounts receivable, net (13,953)us-gaap_IncreaseDecreaseInAccountsReceivable 21,550us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory, net 62,173us-gaap_IncreaseDecreaseInInventories 22,500us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 35,012us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 71,574us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses (200,892)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (102,581)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue (3,946)us-gaap_IncreaseDecreaseInDeferredRevenue 31,561us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used in operating activities (1,288,371)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (1,584,248)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of property and equipment (72,237)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (18,889)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (72,237)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (18,889)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Payments on short-term notes payable (34,845)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (34,419)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Net cash used in financing activities (34,845)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (34,419)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (1,395,453)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,637,556)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 10,448,921us-gaap_CashAndCashEquivalentsAtCarryingValue 16,276,510us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 9,053,468us-gaap_CashAndCashEquivalentsAtCarryingValue 14,638,954us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Interest paid 606us-gaap_InterestPaid 599us-gaap_InterestPaid
Non-cash investing and financing activities:    
Borrowings under short term notes payable for prepaid expense 49,395us-gaap_LiabilitiesAssumed1 50,694us-gaap_LiabilitiesAssumed1
Par value of common stock issued for cashless exercise of warrants   135ogen_CommonStockIssuedDuringPeriodParValueForWarrantsExercise
Par value of restricted shares issued $ 200ogen_ParValueOfRestrictedSharesIssued