Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues
Cost of goods sold:
Gross profit
Operating expenses:        
Selling, general, and administrative 1,004,000 1,051,000 2,035,000 2,318,000
Research and development 600,000 755,000 1,183,000 1,698,000
Total operating expenses 1,604,000 1,806,000 3,218,000 4,016,000
Operating loss (1,604,000) (1,806,000) (3,218,000) (4,016,000)
Other income (expenses):        
Interest expense (117,000) (272,000) (921,000) (739,000)
Amortization of debt discount (1,365,000) (825,000) (2,132,000) (1,400,000)
Loss on disposition of assets (124,000) (137,000)
Loss on debt extinguishment (10,000)
Loss on modification of convertible debt (43,000) (1,429,000)
Gain (loss) on valuation of derivative liabilities 719,000 1,554,000
Total other income (expenses), net (1,606,000) (378,000) (3,243,000) (2,014,000)
Loss before provision for income taxes (3,210,000) (2,184,000) (6,461,000) (6,030,000)
Provision for income taxes 1,000 3,000
Net loss $ (3,210,000) $ (2,185,000) $ (6,461,000) $ (6,033,000)
Loss per share-basic and diluted $ (0.79) $ (0.59) $ (1.61) $ (1.84)
Weighted average common shares-basic and diluted 4,063,660 3,708,782 4,007,953 3,400,711