Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations

v3.4.0.3
Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Consulting Revenue $ 166,546 $ 123,895
Cost of Consulting Services Provided 68,225 57,391
Gross Margin 98,321 66,504
Operating Expenses    
General and administrative 1,096,109 931,643
Research and development expenses 586,250 212,831
Total Operating Expenses 1,682,359 1,144,474
Operating Loss (1,584,038) (1,077,970)
Other Income and (Expenses)    
Warrant revaluation 1,253,854 1,197,986
Other expenses (4,521) (2,354)
Total Other Income and (Expenses) 1,249,333 1,195,632
Net (loss) income before income taxes (334,705) 117,662
Income taxes 0 0
Net (loss) income $ (334,705) $ 117,662
Net (Loss) Earnings Per Common Share, Basic and Diluted $ (0.02) $ 0.01
Weighted Average Number of Shares Outstanding 19,657,528 18,082,874