Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.3.1.900
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue:    
Product leases and royalties $ 10,915,410 $ 9,835,345
Product sales and service 36,260 9,763
Total revenue 10,951,670 9,845,108
Costs and expenses:    
Costs of ancillary products and assembled components 95,930 80,525
Selling, general and administrative 7,133,681 5,537,165
Research and development 454,940 472,567
Depreciation 178,850 109,809
Amortization 1,495,012 1,561,631
Share-based compensation 119,677 323,759
Impairment of intangible assets 0 528,233
Total costs and expenses 9,478,090 8,613,689
Income from operations 1,473,580 1,231,419
Other income (expenses)    
Interest income 13,337 23,478
Interest expense (1,047,434) (1,093,264)
Total other expense (1,034,097) (1,069,786)
Income before provision for income taxes 439,483 161,633
Provision for income taxes (251,629) (139,745)
Net income $ 187,854 $ 21,888
Weighted average number of shares outstanding    
Basic 39,066,415 38,513,084
Diluted 39,123,489 38,517,594