FINANCIALS: Statement of Operations
Balance Sheets | Statements of Operations | Statements of Shareholder's Equity (Deficit) | Statements of Cash Flows
| |
Years Ended December 31 |
| |
2006 |
2005 |
2004 |
| Revenues: |
| License Fee |
$823,986 |
$270,400 |
- |
| Product Sales |
1,155,931 |
43,948 |
- |
| Total revenues |
$1,979,917 |
$314,348 |
- |
| |
| Costs and operating expenses: |
|
|
|
| Cost of product sales |
$1,127,997 |
$38,506 |
- |
| Selling, general and administrative |
6,079,583 |
1,759,117 |
454,989 |
| Research and development |
3,949,223 |
2,287,795 |
476,583 |
| Depreciation |
709,593 |
119,783 |
306 |
| |
11,866,396 |
4,205,201 |
931,878 |
| |
| Operating Loss |
(9,866,479) |
(3,890,853) |
(931,878) |
| |
| Non-operating income (expense): |
|
|
|
| Interest income |
741,932 |
190,309 |
6,142 |
| Interest (expense) |
(1,171) |
- |
(101) |
| |
740,761 |
190,309 |
6,041 |
| |
| Net Loss |
$(9,145,718) |
$(3,700,544) |
$(925,837) |
| |
Net Loss Per Common Share -
Basic and Diluted: |
$(0.97) |
$(0.49) |
$(0.16) |
| |
| Weighted Average Common Shares Outstanding - Basic and Diluted: |
9,471,423 |
7,517,278 |
5,743,957 |
|
