Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Sales (Note 1) $ 24,517 $ 35,805
Cost of sales 8,096 12,103
Gross profit 16,421 23,702
Other revenue - fee (Note 7) 24,174 24,174 48,349 48,349
Operating expenses:        
Selling, general and administrative 822,835 1,482,608 1,852,961 3,018,459
Research and development 73,085 552,408 445,671 1,260,150
Total operating expenses 895,920 2,035,016 2,298,632 4,278,609
Operating loss (871,746) (1,994,421) (2,250,283) (4,206,558)
Other income (expense):        
Gain on sale of property and equipment (Note 2) 912 1,920,273
Interest expense (148) (24,195) (25,746) (49,259)
Investment (loss) income 35,107 (14,619) 79,392 36,209
Total other income (expense) 35,871 (38,814) 1,973,919 (13,050)
Net loss $ (835,875) $ (2,033,235) $ (276,364) $ (4,219,608)
Basic and diluted net loss per share (Note 1) $ (0.22) $ (0.52) $ (0.07) $ (1.09)
Basic and diluted weighted average number of shares outstanding (Note 1) 3,876,961 3,876,961 3,876,961 3,876,961