Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Condensed Consolidated Statements of Operations    
Revenues $ 3,138,256 $ 2,142,932
Cost of goods sold 701,300 560,243
Gross profit 2,436,956 1,582,689
Costs and expenses:    
Sales and marketing 2,720,707 1,893,541
Research and development 812,615 406,943
General and administrative 1,894,776 1,605,759
Total costs and expenses 5,428,098 3,906,243
Loss from operations (2,991,142) (2,323,554)
Other expense:    
Interest expense (1,191,317) (1,067,621)
Interest expense - deferred financing costs (51,216) (44,216)
Other income (expense) (5,889) (2,117)
Total other expense (1,248,422) (1,113,954)
Net loss (4,239,564) (3,437,508)
Net loss available to common shareholders $ (4,239,564) $ (3,437,508)
Weighted Average Common Shares outstanding - basic and diluted 17,383,786 11,124,633
Loss Per Common share - basic and diluted (in dollars per share) $ (0.24) $ (0.31)