Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2018

Significant Accounting Policies Tables Abstract

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

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