Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Condensed Consolidated Statements of Operations    
Revenues $ 8,111,759 $ 4,951,316
Cost of goods sold 1,405,591 982,881
Gross profit 6,706,168 3,968,435
Costs and expenses:    
Sales and marketing 6,205,875 3,932,522
Research and development 978,340 671,036
General and administrative 2,144,757 1,908,581
Total costs and expenses 9,328,972 6,512,139
Loss from operations (2,622,804) (2,543,704)
Other income (expense):    
Interest expense (1,003,027) (994,748)
Interest expense-deferred financing costs (30,810) (33,746)
Other income (expense) (19,450) (3,003)
Total other income (expense) (1,053,287) (1,031,497)
Net Loss $ (3,676,091) $ (3,575,201)
Weighted Average Common Shares outstanding - basic and diluted 29,994,066 22,517,361
Loss Per Common share - basic and diluted (in dollars per share) $ (0.12) $ (0.16)