Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.8.0.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2018
Significant Accounting Policies Tables  
Revenue recognition of sales
    Three months Ended  
   

March 31,

2018

    

March 31,

2017

  
Sales/access fees   $ 64,200     $ 27,500  
Distribution rights income     83,524       106,727  
Net sales   $ 147,724     $ 134,227  
Changes in deferred revenue

Balance as of December 31, 2017:      
Short term   $ 237,347  
Long term     401,346  
Total as of December 31, 2017     638,693  
Cash payments received     25,000  
Net sales recognized     (83,524 ) 
Balance as of March 31, 2018     580,169  
Less short term     237,347  
Long term   $ 342,822  

Computations of weighted average shares outstanding

   

March 31,

2018

    

March 31,

2017

  
Shares underlying options outstanding     47,885,000       47,850,000  
Shares underlying warrants outstanding     1,275,000       2,630,000  
Shares underlying convertible notes outstanding     131,250,000       305,433,186  
      180,410,000       355,913,186