General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Revenues            
Product sales         $ 5,028,184 $ 2,451,051
Equipment sales         6,939,412
Demonstration and consulting services         664,323 343,155
Total revenues $ 11,771,418 $ 3,625,858 $ 24,536,939 $ 6,565,887 12,631,919 2,794,206
Costs and expenses:            
Cost of goods sold 7,821,028 2,704,119 17,612,843 5,545,081 8,629,570 1,483,379
Operating expenses         1,812,355 904,914
License maintenance fees         300,000 300,000
Selling, general and administrative expenses 2,213,849 1,146,223 5,051,835 3,181,646 3,180,419 5,518,032
Settlement charges         1,335,394
Depreciation and amortization         390,828 387,123
Professional fees         672,269 678,725
Total costs and expenses 10,034,877 3,850,342 22,664,678 8,726,727 16,320,835 9,272,173
Operating loss 1,736,541 (224,484) 1,872,261 (2,160,840) (3,688,916) (6,477,967)
Other income (expense)            
Interest expense (972,930) (905,713) (4,079,022) (5,264,186) (6,213,897) (2,724,506)
Letter of credit fees (61,333) (164,667)    
Change in value of warrant liability (9,984,541) 144,595 (14,241,141) 1,461,324 3,194,189 (4,204,189)
Debt conversion inducement expense (161,537) (1,096,000) (1,123,380) (1,123,380)
State income taxes (19,561) (7,705) (23,772) (35,930) (41,149) (9,273)
Total other income (expense) (11,038,365) (930,360) (18,508,602) (4,962,172) (10,572,615) 1,470,410
Net Loss $ (9,301,824) $ (1,154,844) $ (16,636,341) $ (7,123,012) $ (14,261,531) $ (5,007,557)
Net loss per common share - basic and diluted: $ (0.19) $ (0.02) $ (0.35) $ (0.17) $ (0.32) $ (0.13)
Weighted average common shares outstanding 47,918,064 46,619,367 47,546,461 41,134,152 44,160,298 39,140,243