Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Revenues $ 240,000us-gaap_Revenues $ 0us-gaap_Revenues $ 0us-gaap_Revenues
Operating expenses 3,284,666us-gaap_OperatingExpenses 11,884,775us-gaap_OperatingExpenses 7,187,970us-gaap_OperatingExpenses
Research and development expenses 893,452us-gaap_ResearchAndDevelopmentExpense 2,011,486us-gaap_ResearchAndDevelopmentExpense 963,184us-gaap_ResearchAndDevelopmentExpense
Loss before other income (expense) (3,938,118)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (13,896,261)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (8,151,154)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Other income (loss) (28,598)us-gaap_OtherNonoperatingIncomeExpense (23,895)us-gaap_OtherNonoperatingIncomeExpense 24,723us-gaap_OtherNonoperatingIncomeExpense
Interest and financing expense (39,619)us-gaap_InterestAndDebtExpense (260)us-gaap_InterestAndDebtExpense (3,627,732)us-gaap_InterestAndDebtExpense
Change in fair value of derivative liabilities 0us-gaap_UnrealizedGainLossOnDerivatives (220,614)us-gaap_UnrealizedGainLossOnDerivatives (4,023,094)us-gaap_UnrealizedGainLossOnDerivatives
Gain on extinguishment of derivative liabilities 0us-gaap_DerivativeGainLossOnDerivativeNet 3,441,752us-gaap_DerivativeGainLossOnDerivativeNet 2,445,095us-gaap_DerivativeGainLossOnDerivativeNet
Gain on disposition of equipment 0us-gaap_GainLossOnDispositionOfAssets 41,923us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets
Settlement of litigation and debt 0us-gaap_LitigationSettlementExpense 346us-gaap_LitigationSettlementExpense 239,775us-gaap_LitigationSettlementExpense
Net loss $ (4,006,335)us-gaap_NetIncomeLoss $ (10,657,009)us-gaap_NetIncomeLoss $ (13,092,387)us-gaap_NetIncomeLoss
Net loss per common share, basic and diluted $ (0.02)us-gaap_EarningsPerShareBasicAndDiluted $ (0.07)us-gaap_EarningsPerShareBasicAndDiluted $ (0.10)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average common shares outstanding, basic and diluted 180,386,712us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 160,958,284us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 128,667,391us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted