SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2018 |
Dec. 31, 2017 |
| Significant Accounting Policies Tables Abstract |
|
|
| Computations of weighted average shares outstanding |
| |
|
June
30,
2018
|
|
|
June
30,
2017
|
|
| Shares
underlying options outstanding |
|
|
47,885,000 |
|
|
|
47,850,000 |
|
| Shares
underlying warrants outstanding |
|
|
1,275,000 |
|
|
|
2,430,000 |
|
| Shares
underlying convertible notes outstanding |
|
|
187,500,000 |
|
|
|
305,433,186 |
|
| |
|
|
236,660,000 |
|
|
|
355,713,186 |
|
|
| |
|
2017 |
|
|
2016 |
|
| Shares
underlying options outstanding |
|
|
47,885,000 |
|
|
|
47,850,000 |
|
| Shares
underlying warrants outstanding |
|
|
2,430,000 |
|
|
|
2,630,000 |
|
| Shares
underlying convertible notes outstanding |
|
|
131,250,000 |
|
|
|
199,706,315 |
|
| |
|
|
181,565,000 |
|
|
|
250,186,315 |
|
|
| Revenue recognition of sales |
The
following table presents our net sales by product category for the three months ended June 30, 2018 and 2017:
| |
|
Three
months Ended |
|
| |
|
June
30,
2018
|
|
|
June
30,
2017
|
|
| Sales/access
fees |
|
$ |
39,500 |
|
|
$ |
39,750 |
|
| Distribution
rights income |
|
|
59,174 |
|
|
|
170,794 |
|
| Net
sales |
|
$ |
98,674 |
|
|
$ |
210,544 |
|
The
following table presents our net sales by product category for the six months ended June 30, 2018 and 2017:
| |
|
Six
months Ended |
|
| |
|
June
30,
2018
|
|
|
June
30,
2017
|
|
| Sales/access
fees |
|
$ |
103,700 |
|
|
$ |
67,250 |
|
| Distribution
rights income |
|
|
142,698 |
|
|
|
277,521 |
|
| Net
sales |
|
$ |
246,398 |
|
|
$ |
344,771 |
|
|
|
| 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 |
|
|
(142,698 |
) |
| Balance
as of June 30, 2018 |
|
|
520,995 |
|
| Less
short term |
|
|
236,648 |
|
| Long
term |
|
$ |
284,347 |
|
|
|