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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Condensed Consolidated Statements of Operations        
Revenues $ 4,214,193 $ 2,862,289 $ 7,352,449 $ 5,005,221
Cost of goods sold 887,820 633,293 1,589,121 1,193,536
Gross profit 3,326,373 2,228,996 5,763,328 3,811,685
Costs and expenses:        
Sales and marketing 3,354,912 2,526,388 6,075,619 4,419,929
Research and development 555,758 498,318 1,368,373 905,261
General and administrative 1,713,447 1,398,619 3,608,222 3,004,378
Total costs and expenses 5,624,117 4,423,325 11,052,214 8,329,568
Loss from operations (2,297,744) (2,194,329) (5,288,886) (4,517,883)
Other income (expense):        
Interest expense (1,392,098) (1,223,645) (2,583,415) (2,291,266)
Interest expense - deferred financing costs (52,217) (41,215) (103,432) (85,432)
Other income (expense) 588 1,390 (5,303) (728)
Total other income (expense) (1,443,727) (1,263,470) (2,692,150) (2,377,426)
Net Loss (3,741,471) (3,457,799) (7,981,036) (6,895,309)
Net loss available to shareholders $ (3,741,471) $ (3,457,799) $ (7,981,036) $ (6,895,309)
Weighted Average Common Shares outstanding - basic and diluted 17,461,332 11,137,729 17,422,773 11,131,217
Loss Per Common share - basic and diluted (in dollars per share) $ (0.21) $ (0.31) $ (0.46) $ (0.62)