Losses - We expect to continue to incur net losses from operations for the next several quarters if not for all of 2013!
We have a history of losses from operations and we anticipate that for the foreseeable future, we will continue to experience losses from operations. Those losses have resulted principally from costs incurred in our research and development efforts, and from general and administrative costs associated with our business. We had a net loss from operations of $4,541,587 during 2012, $4,339,911 during 2011, and $9,786,228 during 2010. Our accumulated deficit through December 31, 2012 was $148,995,352. We expect to continue to incur net losses from operations for the next several quarters if not for all of 2013 as we continue to develop and seek to commercialize our products.
