Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Other revenue - fee (Note 8) $ 24,174 $ 24,174 $ 48,349 $ 48,349
Operating expenses:        
Selling, general and administrative 1,062,540 822,835 2,097,193 1,852,961
Research and development 27,658 73,085 45,350 445,671
Total operating expenses 1,090,198 895,920 2,142,543 2,298,632
Operating loss from continuing operations (1,066,024) (871,746) (2,094,194) (2,250,283)
Other income (expense):        
Gain on sale of property and equipment (Note 3) 912 1,920,273
Interest expense (24,065) (148) (28,899) (25,746)
Investment income 26,124 35,107 52,344 79,392
Total other income (expense) 2,059 35,871 23,445 1,973,919
Loss from continuing operations (1,063,965) (835,875) (2,070,749) (276,364)
Discontinued operations (Note 2):        
Loss from operations (332,843) (975,479)
Escrow forfeiture gain (Note 6) 134,812 134,812
Impairment (loss) (49,775) (2,754,131)
Total loss from discontinued operations (247,806) (3,594,798)
Net loss $ (1,311,771) $ (835,875) $ (5,665,547) $ (276,364)
Basic and diluted net loss per share (Note 1)        
Continuing operations $ (0.21) $ (0.22) $ (0.43) $ (0.07)
Discontinued operations (0.05) (0.74)
Basic and diluted net loss per share (Note 1) $ (0.26) $ (0.22) $ (1.17) $ (0.07)
Basic and diluted weighted average number of shares outstanding (Note 1) 5,103,739 3,876,961 4,852,855 3,876,961