Quarterly report pursuant to Section 13 or 15(d)

Statement of Operations (Unaudited)

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Statement of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Revenue $ 38,851 $ 21,391 $ 90,180 $ 65,218
Cost of goods sold 66,778 21,986 98,888 76,544
Gross margin (27,927) (595) (8,708) (11,326)
Operating expenses:        
Research and development 96,992 412,255 302,411 681,689
Sales and marketing 2,143 84,821 34,894 257,556
General and administrative 384,175 708,436 900,097 1,813,666
Total operating expenses 483,310 1,205,512 1,237,402 2,752,911
Operating loss (511,237) (1,206,107) (1,246,110) (2,764,237)
Interest Expense (218,419) (4,940) (235,907) (9,668)
Other income (expense) (71) (48) 77,575 (3,613)
Change in fair value of warrant liability 9,800 0 19,600 0
Change in fair value of derivative liabilities 33,689 0 22,317 0
Net loss $ (686,238) $ (1,211,095) $ (1,362,525) $ (2,777,518)
Net loss per share - basic and diluted $ (0.02) $ (0.03) $ (0.04) $ (0.07)
Weighted average shares outstanding basic and diluted 38,645,870 38,397,142 38,605,392 37,924,149