Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended 9 Months Ended 49 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Revenues          
Service fees $ 40,863 $ 4,589 $ 83,666 $ 10,604 $ 103,208
Grant revenue 48,303    86,052    91,647
Sales    4,254 12,762 235,726 307,978
TOTAL REVENUE 89,166 8,843 182,480 246,330 502,833
Costs          
Cost of services 39,662 3,893 86,380 5,683 92,633
Cost of sales    3,145 7,710 190,201 262,596
TOTAL COST OF REVENUE 39,662 7,038 94,090 195,884 355,229
Gross profit 49,504 1,805 88,390 50,446 147,604
Operating expenses          
Compensation 5,518,814 658,574 9,824,287 1,774,531 21,048,040
Other operating expenses 291,559 117,479 565,903 421,699 1,844,579
General and administrative 1,350,076 385,814 4,242,798 1,444,758 10,296,403
TOTAL OPERATING EXPENSES 7,160,449 1,161,867 14,632,988 3,640,988 33,189,022
Loss from operations (7,110,945) (1,160,062) (14,544,598) (3,590,542) (33,041,418)
Other income (expense)          
Interest expense, net (16,729) (6,467) (38,213) (7,009) (102,211)
Debt conversion expense (687,286)    (687,286)    (687,286)
Loss on exchange of warrants for common stock             (485,000)
Amortization of discount on convertible debt       (126,783)    (266,609)
Loss on settlement of accounts payable for common stock       (47,856)    (47,856)
Loss on payment convertible notes payable       (46,701)    (46,701)
Provision for warrant liability (122,000)    (309,000)    (309,000)
Gain on change in fair value of derivative liability             245,217
Total other (expense) (826,015) (6,467) (1,255,839) (7,009) (1,699,446)
Net loss (7,936,960) (1,166,529) (15,800,437) (3,597,551) (34,740,864)
Deemed dividend to Series B shareholder upon conversion to common stock and warrants (2,831,830)    450,000    (2,831,830)
Net loss attributable to common shareholders $ (10,768,790) $ (1,166,529) $ (15,800,437) $ (3,597,551) $ (37,572,694)
Net loss per share - basic and diluted $ (0.19) $ (0.03) $ (0.37) $ (0.09)   
Weighted average number of common shares outstanding - basic & diluted 55,941,419 40,996,444 50,960,584 39,850,937