Quarterly report pursuant to sections 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
Revenue:    
Service fees $ 255,659 $ 10,576
Grant and rebate revenue 62,633 4,999
Sales 37,393   
TOTAL REVENUE 355,685 15,575
Costs:    
Cost of services 535,608 4,409
Depreciation and amortization 745,877   
Cost of sales 30,716   
TOTAL COSTS 1,312,201 4,409
Gross profit (loss) (956,516) 11,166
Operating expenses:    
Compensation 1,820,727 1,018,053
Other operating expenses 402,863 132,850
General and administrative 965,634 860,525
TOTAL OPERATING EXPENSES 3,189,224 2,011,428
Loss from operations (4,145,740) (2,000,262)
Other income (expense)    
Interest expense, net (34,331) (10,250)
Amortization of discount on convertible debt    (117,992)
Gain (loss) on settlement of accounts payable for cash and common stock 21,000 (47,856)
Gain on settlement of accounts payable for cash 15,789   
Induced debt conversion expense    (46,701)
Loss on change in fair value of derivative warrant liability (209,035)   
Gain on change in fair value of warrant payable 493,400   
Total other income (expense) 286,823 (222,799)
Net loss $ (3,858,917) $ (2,223,061)
Net loss per common share - basic and diluted $ (0.05) $ (0.05)
Weighted average number of common shares outstanding - basic & diluted 77,568,104 45,575,562