Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.3.0.814
Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue:    
Consulting Revenue $ 123,895 $ 254,107
Cost of Consulting Services Provided 57,391 125,012
Gross Margin 66,504 129,095
Operating Expenses    
General and administrative 931,643 1,131,419
Research and development expenses 212,831 431,986
Total Operating Expenses 1,144,474 1,563,405
Operating Loss (1,077,970) (1,434,310)
Other Income and (Expenses)    
Warrant revaluation 1,197,986 (1,974,330)
Investment income 0 388
Other income (expenses) (2,354) 0
Total Other Income and (Expenses) 1,195,632 (1,973,942)
Net income (loss) before income taxes 117,662 (3,408,252)
Income taxes 0 0
Net income (loss) $ 117,662 $ (3,408,252)
Net Earnings (Loss) Per Common Share, Basic and Diluted $ 0.01 $ (0.23)
Weighted Average Number of Shares Outstanding 18,082,874 15,058,163