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, 2017
Dec. 31, 2016
Dec. 31, 2015
Consolidated Statements of Operations      
Revenues $ 60,426,395 $ 41,107,538 $ 27,331,092
Cost of goods sold 9,311,585 6,467,250 4,848,396
Gross profit 51,114,810 34,640,288 22,482,696
Costs and expenses:      
Sales and marketing 37,635,871 28,425,503 20,089,369
Research and development 6,699,120 4,212,023 3,237,171
General and administrative 14,731,105 10,132,624 8,422,866
Total costs and expenses 59,066,096 42,770,150 31,749,406
Loss from operations (7,951,286) (8,129,862) (9,266,710)
Other income (expense):      
Interest expense (2,216,845) (5,386,268) (3,988,619)
Interest expense - deferred financing costs (246,557) (875,389) (127,912)
Other (expense) (30,774) (19,625) 26,816
Total other income (expense) (2,494,176) (6,281,282) (4,089,715)
Net Loss $ (10,445,462) $ (14,411,144) $ (13,356,425)
Weighted Average Common Shares outstanding - basic and diluted 33,322,767 30,702,164 26,075,670
Loss Per Common share - basic and diluted (in dollars per share) $ (0.31) $ (0.47) $ (0.51)