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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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| Revenue: | ||
| Products, services, other | $ 1,350,150pbio_PctProductsServicesOtherRevenue | $ 1,046,678pbio_PctProductsServicesOtherRevenue |
| Grant revenue | 24,594us-gaap_RevenueFromGrants | 456,610us-gaap_RevenueFromGrants |
| Total revenue | 1,374,744us-gaap_SalesRevenueNet | 1,503,288us-gaap_SalesRevenueNet |
| Costs and expenses: | ||
| Cost of Products and services | 652,438pbio_CostOfPctProductsAndServices | 567,828pbio_CostOfPctProductsAndServices |
| Research and development | 952,555us-gaap_ResearchAndDevelopmentExpense | 1,035,426us-gaap_ResearchAndDevelopmentExpense |
| Selling and marketing | 721,229us-gaap_SellingAndMarketingExpense | 752,288us-gaap_SellingAndMarketingExpense |
| General and administrative | 2,386,872us-gaap_GeneralAndAdministrativeExpense | 2,474,938us-gaap_GeneralAndAdministrativeExpense |
| Total operating costs and expenses | 4,713,094us-gaap_OperatingExpenses | 4,830,480us-gaap_OperatingExpenses |
| Operating loss | (3,338,350)us-gaap_OperatingIncomeLoss | (3,327,192)us-gaap_OperatingIncomeLoss |
| Other income (expense): | ||
| Interest expense, net | (1,303,129)us-gaap_InvestmentIncomeInterest | (339,818)us-gaap_InvestmentIncomeInterest |
| Other income (expense), net | (169,554)us-gaap_OtherCostAndExpenseOperating | (531,130)us-gaap_OtherCostAndExpenseOperating |
| Change in fair value of derivative liability | 198,493us-gaap_DerivativeGainLossOnDerivativeNet | 113,713us-gaap_DerivativeGainLossOnDerivativeNet |
| Total other income (expense) | (1,274,190)us-gaap_NonoperatingIncomeExpense | (757,235)us-gaap_NonoperatingIncomeExpense |
| Net loss | (4,612,540)us-gaap_NetIncomeLoss | (4,084,427)us-gaap_NetIncomeLoss |
| Accrued and deemed dividends on convertible preferred stock | (1,639,186)us-gaap_PreferredStockDividendsAndOtherAdjustments | (1,163,022)us-gaap_PreferredStockDividendsAndOtherAdjustments |
| Net loss applicable to common shareholders | $ (6,251,726)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (5,247,449)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Net loss per share attributable to common stockholders - basic and diluted | $ (0.44)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.44)us-gaap_EarningsPerShareBasicAndDiluted |
| Weighted average common stock shares outstanding basic and diluted | 14,264,753pbio_WeightedAverageNumberOfSharesBasicAndDiluted | 11,821,870pbio_WeightedAverageNumberOfSharesBasicAndDiluted |
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Custom Element. No definition available.
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Custom Element. No definition available.
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Revenue earned during the period from non-repayable sum of money awarded to an entity to carry out a specific purpose as provided in grant agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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