CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Consolidated Statements Of Operations | ||
| Net sales | $ 7,662 | |
| Cost of sales | 302 | |
| Gross profit | 7,360 | |
| Operating expenses: | ||
| Selling and marketing | 426,711 | 122,105 |
| Administrative and general | 3,095,791 | 796,896 |
| Research and development | 1,003,167 | 731,474 |
| Depreciation and amortization | 45,758 | 37,491 |
| Total operating expenses | 4,571,427 | 1,687,966 |
| Total operating loss | (4,564,067) | (1,687,966) |
| Other expense: | ||
| Interest expense | (310,233) | (240,720) |
| Interest income | 3,829 | |
| Loss on extinguishment of debt | (2,072,365) | |
| Net loss from investment in joint venture | (16,396) | |
| Total other expense | (2,395,165) | (240,720) |
| Loss before income taxes | (6,959,232) | (1,928,686) |
| Provision for income taxes | ||
| Net Loss | $ (6,959,232) | $ (1,928,686) |
| Net loss per share – basic and diluted | $ (0.63) | $ (0.20) |
| Weighted average shares – basic and diluted | 10,960,326 | 9,882,395 |