2001

2000

Revenue

$    1,235,866 

$     53,185 

Cost of Revenue

         957,802  

                -  

Gross Profit

278,064 

53,185 

Operating Expenses

   Research and development

1,904,445 

774,114 

   Marketing and selling

963,547 

218,713 

   Consulting

46,698 

- 

   General and administrative

1,282,057 

629,075 

   Fair value of options granted to consultants

20,496 

55,898 

   Fair value of warrants granted

4,000 

- 

   Loss on write off of intellectual property

345,833 

- 

   Depreciation and amortization

          519,888  

       35,578  

        Total operating expenses

5,086,964 

1,713,378 

Operating loss

(4,808,900)

(1,660,193)

Interest income

         396,921

       94,161  

Net Loss Before Provision for Income Taxes

(4,411,979)

(1,566,032)

Provision For Income Taxes

       318,589  

       7,209  

Net Loss

$ (4,730,568 )

$(1,573,241 )

Loss Per Share

   Basic and Diluted

$          (0.17 )

$         (0.07 )