Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue:    
Products, services, other $ 359,364pbio_PctProductsServicesOtherRevenue $ 404,147pbio_PctProductsServicesOtherRevenue
Grant revenue 80,770us-gaap_RevenueFromGrants   
Total revenue 440,134us-gaap_SalesRevenueNet 404,147us-gaap_SalesRevenueNet
Costs and expenses:    
Cost of products and services 190,783pbio_CostOfPctProductsAndServices 177,606pbio_CostOfPctProductsAndServices
Research and development 231,923us-gaap_ResearchAndDevelopmentExpense 231,088us-gaap_ResearchAndDevelopmentExpense
Selling and marketing 166,223us-gaap_SellingAndMarketingExpense 171,340us-gaap_SellingAndMarketingExpense
General and administrative 726,024us-gaap_GeneralAndAdministrativeExpense 606,479us-gaap_GeneralAndAdministrativeExpense
Total operating costs and expenses 1,314,953us-gaap_OperatingExpenses 1,186,513us-gaap_OperatingExpenses
Operating loss (874,819)us-gaap_OperatingIncomeLoss (782,366)us-gaap_OperatingIncomeLoss
Other (expense) income:    
Interest expense (605,585)us-gaap_InvestmentIncomeInterest (244,612)us-gaap_InvestmentIncomeInterest
Other expense (345,241)us-gaap_OtherCostAndExpenseOperating   
Change in fair value of derivative liabilities (221,810)us-gaap_DerivativeGainLossOnDerivativeNet (732,677)us-gaap_DerivativeGainLossOnDerivativeNet
Total other expense (1,172,636)us-gaap_NonoperatingIncomeExpense (977,289)us-gaap_NonoperatingIncomeExpense
Net loss (2,047,455)us-gaap_NetIncomeLoss (1,759,655)us-gaap_NetIncomeLoss
Accrued dividends on convertible preferred stock (16,668)us-gaap_PreferredStockDividendsAndOtherAdjustments (44,987)us-gaap_PreferredStockDividendsAndOtherAdjustments
Deemed dividends on convertible preferred stock    (1,280,066)pbio_DeemedDividendOnConvertiblePreferredStock
Net loss applicable to common shareholders $ (2,064,123)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (3,084,708)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net loss per share attributable to common stockholders - basic and diluted $ (0.11)us-gaap_EarningsPerShareBasicAndDiluted $ (0.25)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average common stock shares outstanding used in the basic and diluted net loss per share calculation 18,840,390pbio_WeightedAverageNumberOfSharesBasicAndDiluted 12,122,045pbio_WeightedAverageNumberOfSharesBasicAndDiluted