Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Condensed Consolidated Statements of Operations    
Revenues $ 12,241,073 $ 8,111,759
Cost of goods sold 1,915,648 1,405,591
Gross profit 10,325,425 6,706,168
Costs and expenses:    
Sales and marketing 8,610,482 6,205,875
Research and development 1,411,136 978,340
General and administrative 3,504,039 2,144,757
Total costs and expenses 13,525,657 9,328,972
Loss from operations (3,200,232) (2,622,804)
Other income (expense):    
Interest expense (507,549) (1,003,027)
Interest expense-deferred financing costs (44,491) (30,810)
Other income (expense) (9,753) (19,450)
Total other income (expense) (561,793) (1,053,287)
Net Loss $ (3,762,025) $ (3,676,091)
Weighted Average Common Shares outstanding - basic and diluted 33,026,433 29,994,066
Loss Per Common share - basic and diluted (in dollars per share) $ (0.11) $ (0.12)