Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
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