Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Condensed Consolidated Statements of Operations    
Revenues $ 27,331,092 $ 16,817,403
Cost of goods sold 4,848,396 3,442,183
Gross profit 22,482,696 13,375,220
Costs and expenses:    
Sales and marketing 20,089,369 13,193,795
Research and development 3,237,171 3,033,325
General and administrative 8,422,866 6,948,890
Total costs and expenses 31,749,406 23,176,010
Loss from operations (9,266,710) (9,800,790)
Other income (expense):    
Interest expense (3,988,619) (6,812,315)
Interest expense-deferred financing costs (127,912) (1,100,520)
Other income (expense) 26,816 3,149
Total other income (expense) (4,089,715) (7,909,686)
Net Loss $ (13,356,425) $ (17,710,476)
Weighted Average Common Shares outstanding - basic and diluted 26,075,670 17,721,742
Loss Per Common share - basic and diluted (in dollars per share) $ (0.51) $ (0.99)