Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
Product Sales $ 1,499,010 $ 1,408,481
Revenues from Services 434,775 283,598
Total Revenue 1,933,785 1,692,079
Cost of sales 1,133,872 1,148,338
Gross profit 799,913 543,741
Selling, general and administrative expenses 3,093,295 2,214,238
Loss from operations (2,293,382) (1,670,497)
Other income (expense)    
Interest income 69 30
Interest expense (11,111) (2,627)
Interest expense - related party (362,627)
Total other income (expense), net (373,669) (2,597)
Net Loss (2,667,051) (1,673,094)
Preferred stock dividends    
Series A, Series B, Series C and Series D preferred 280,682 338,684
Total preferred stock dividends 280,682 338,684
Net loss attributable to common shareholders $ (2,947,733) $ (2,011,778)
Basic and diluted net loss per share $ (0.07) $ (0.06)
Weighted average shares outstanding - Basic and diluted 39,867,371 34,587,695