Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (9,491,924) $ (4,565,947)
Adjustments to reconcile net loss to net cash used in operating activities:    
Technology access fee paid in convertible note payable to shareholder 5,000,000  
Depreciation and amortization 52,540 20,119
(Gain) Loss on sale of fixed assets (1,280) 203
Stock issued as compensation to non-employee directors 198,000 102,500
Stock-based compensation expense 461,029 188,330
Changes in operating assets and liabilities:    
Accounts receivable, net (3,759) 38,125
Inventory, net 139,873 24,523
Prepaid expenses and other current assets 104,620 112,604
Accounts payable and accrued expenses 51,620 (305,606)
Deferred revenue (5,883) 6,753
Net cash used in operating activities (3,495,164) (4,378,396)
Cash flows from investing activities:    
Proceeds from sale of fixed asset 1,280 424
Purchase of property and equipment (102,511) (20,129)
Net cash used in investing activities (101,231) (19,705)
Cash flows from financing activities:    
Payments on short-term notes payable (113,792) (113,486)
Net cash used in financing activities (113,792) (113,486)
Net decrease in cash and cash equivalents (3,710,187) (4,511,587)
Cash and cash equivalents at beginning of period 10,448,921 16,276,510
Cash and cash equivalents at end of period 6,738,734 11,764,923
Supplemental disclosure of cash flow information:    
Interest paid 1,230 2,997
Non-cash investing and financing activities:    
Borrowings under short-term notes payable for prepaid expense 158,462 158,999
Par value of common stock issued for cashless exercise of warrants 99 $ 135
Par value of restricted shares issued $ 200