Investor Relations

Financials

v2.4.1.9
Balance Sheet (Unaudited) (USD $)
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 220,318us-gaap_CashAndCashEquivalentsAtCarryingValue $ 157,278us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 30,731us-gaap_AccountsReceivableNetCurrent 0us-gaap_AccountsReceivableNetCurrent
Prepaid expenses and other current assets 103,427us-gaap_PrepaidExpenseCurrent 89,408us-gaap_PrepaidExpenseCurrent
Inventory 179,967us-gaap_InventoryNet 197,969us-gaap_InventoryNet
Total current assets 534,443us-gaap_AssetsCurrent 444,655us-gaap_AssetsCurrent
Property and equipment, net 12,700us-gaap_PropertyPlantAndEquipmentNet 14,417us-gaap_PropertyPlantAndEquipmentNet
Intangible assets 616,072us-gaap_IntangibleAssetsNetExcludingGoodwill 632,143us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 69,782us-gaap_Goodwill 69,782us-gaap_Goodwill
Other assets 2,125us-gaap_OtherAssets 2,125us-gaap_OtherAssets
Total assets 1,235,122us-gaap_Assets 1,163,122us-gaap_Assets
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 518,736us-gaap_AccountsPayableCurrent 410,787us-gaap_AccountsPayableCurrent
Accrued expenses and other current liabilities 162,362us-gaap_AccruedLiabilitiesCurrent 278,177us-gaap_AccruedLiabilitiesCurrent
Deferred revenue 197,500us-gaap_DeferredRevenue 101,675us-gaap_DeferredRevenue
Convertible notes payable, net of discount 101,655us-gaap_ConvertibleNotesPayableCurrent 0us-gaap_ConvertibleNotesPayableCurrent
Warrant liability 137,195BTHE_WarrantLiability 0BTHE_WarrantLiability
Derivative liabilities 12,303us-gaap_DerivativeLiabilitiesCurrent 0us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities 1,129,751us-gaap_LiabilitiesCurrent 790,639us-gaap_LiabilitiesCurrent
Notes payable - related parties 297,820us-gaap_DueToRelatedPartiesNoncurrent 297,820us-gaap_DueToRelatedPartiesNoncurrent
Convertible notes payable, net of discount 65,392us-gaap_ConvertibleLongTermNotesPayable 0us-gaap_ConvertibleLongTermNotesPayable
Derivative liabilities 6,400us-gaap_DerivativeLiabilitiesNoncurrent 0us-gaap_DerivativeLiabilitiesNoncurrent
Total liabilities 1,499,363us-gaap_Liabilities 1,088,459us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Note 8)      
Stockholders' equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.001 par value, 200,000,000 shares authorized, 38,597,008 and 38,512,516 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively 38,597us-gaap_CommonStockValue 38,512us-gaap_CommonStockValue
Additional paid-in capital 12,372,290us-gaap_AdditionalPaidInCapital 12,034,992us-gaap_AdditionalPaidInCapital
Accumulated deficit (12,675,128)us-gaap_RetainedEarningsAccumulatedDeficit (11,998,841)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' (deficit) equity (264,241)us-gaap_StockholdersEquity 74,663us-gaap_StockholdersEquity
Total liabilities and stockholders' (deficit) equity $ 1,235,122us-gaap_LiabilitiesAndStockholdersEquity $ 1,163,122us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Statement of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Revenue $ 51,329us-gaap_Revenues $ 43,827us-gaap_Revenues
Cost of goods sold 32,110us-gaap_CostOfGoodsSold 54,558us-gaap_CostOfGoodsSold
Gross margin 19,219us-gaap_GrossProfit (10,731)us-gaap_GrossProfit
Operating expenses:    
Research and development 205,419us-gaap_ResearchAndDevelopmentExpense 269,434us-gaap_ResearchAndDevelopmentExpense
Sales and marketing 32,751us-gaap_SellingAndMarketingExpense 172,735us-gaap_SellingAndMarketingExpense
General and administrative 515,922us-gaap_GeneralAndAdministrativeExpense 1,105,230us-gaap_GeneralAndAdministrativeExpense
Total operating expenses 754,092us-gaap_OperatingExpenses 1,547,399us-gaap_OperatingExpenses
Operating loss (734,873)us-gaap_OperatingIncomeLoss (1,558,130)us-gaap_OperatingIncomeLoss
Interest Expense (17,488)us-gaap_InterestExpenseRelatedParty (4,728)us-gaap_InterestExpenseRelatedParty
Other expense (4,999)us-gaap_OtherExpenses (2,940)us-gaap_OtherExpenses
Reduction of interest payable (Note 6) 82,355BTHE_ReductionOfInterestPayable 0BTHE_ReductionOfInterestPayable
Change in fair value of warrant liability 9,800BTHE_ChangeInFairValueOfWarrantLiability 0BTHE_ChangeInFairValueOfWarrantLiability
Change in fair value of derivative liabilities (11,372)us-gaap_DerivativeGainLossOnDerivativeNet 0us-gaap_DerivativeGainLossOnDerivativeNet
Foreign currency gain (loss) 290us-gaap_ForeignCurrencyTransactionGainLossRealized (625)us-gaap_ForeignCurrencyTransactionGainLossRealized
Net loss $ (676,287)us-gaap_ProfitLoss $ (1,566,423)us-gaap_ProfitLoss
Net loss per share - basic and diluted $ (0.02)us-gaap_EarningsPerShareBasicAndDiluted $ (0.04)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding basic and diluted 38,564,915us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 37,451,156us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
v2.4.1.9
Statement of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (676,287)us-gaap_ProfitLoss $ (1,566,423)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,788us-gaap_DepreciationAmortizationAndAccretionNet 17,547us-gaap_DepreciationAmortizationAndAccretionNet
Stock-based compensation 205,175us-gaap_ShareBasedCompensation 503,772us-gaap_ShareBasedCompensation
Amortization of discount on debt 9,476us-gaap_AmortizationOfDebtDiscountPremium 0us-gaap_AmortizationOfDebtDiscountPremium
Change in fair value of warrant liability (9,800)BTHE_ChangeInFairValueOfWarrantLiability 0BTHE_ChangeInFairValueOfWarrantLiability
Change in fair value of derivative liabilities 11,372us-gaap_DerivativeGainLossOnDerivativeNet 0us-gaap_DerivativeGainLossOnDerivativeNet
Issuance of common stock for consulting services 12,105us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 74,160us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Changes in operating assets and liabilities:    
Accounts receivable (30,731)us-gaap_IncreaseDecreaseInAccountsReceivable 57,186us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory 18,002us-gaap_IncreaseDecreaseInInventories 13,053us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (14,019)us-gaap_IncreaseDecreaseInPrepaidExpense 106,637us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts payable 107,949us-gaap_IncreaseDecreaseInAccountsPayable (99,202)us-gaap_IncreaseDecreaseInAccountsPayable
Deferred revenue 95,825us-gaap_IncreaseDecreaseInDeferredRevenue 0us-gaap_IncreaseDecreaseInDeferredRevenue
Accrued expenses (115,815)us-gaap_IncreaseDecreaseInAccruedLiabilities (228,114)us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash used in operating activities (368,960)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,121,384)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property and equipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,140)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities 0us-gaap_NetCashProvidedByUsedInInvestingActivities (4,140)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from issuance of convertible notes payable (net of issuance discounts and fees) 432,000us-gaap_ProceedsFromConvertibleDebt 0us-gaap_ProceedsFromConvertibleDebt
Proceeds from issuance of common stock upon option exercises 0us-gaap_ProceedsFromStockOptionsExercised 500us-gaap_ProceedsFromStockOptionsExercised
Proceeds from issuance of common stock and common stock warrants (net of issuance costs) 0us-gaap_ProceedsFromIssuanceOfCommonStock 250,000us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by financing activities 432,000us-gaap_NetCashProvidedByUsedInFinancingActivities 250,500us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 63,040us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (875,024)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 157,278us-gaap_CashAndCashEquivalentsAtCarryingValue 3,387,428us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 220,318us-gaap_CashAndCashEquivalentsAtCarryingValue 2,512,404us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid during the period for: Interest 0us-gaap_InterestPaid 0us-gaap_InterestPaid
Cash paid during the period for: Income taxes 5,000us-gaap_IncomeTaxesPaidNet 3,000us-gaap_IncomeTaxesPaidNet
Non-cash financing activities    
Issuance of common stock for stock subscription received 0BTHE_IssuanceOfCommonStockForStockSubscriptionReceived 250,000BTHE_IssuanceOfCommonStockForStockSubscriptionReceived
Warrant liability associated with Typenex Convertible Note 146,995BTHE_WarrantLiabilityAssociatedWithTypenexConvertibleNote 0BTHE_WarrantLiabilityAssociatedWithTypenexConvertibleNote
Derivative liabilities associated with convertible notes payable 7,331BTHE_DerivativeLiabilitiesAssociatedWithConvertibleDebts 0BTHE_DerivativeLiabilitiesAssociatedWithConvertibleDebts
Beneficial conversion features associated with convertible notes payable $ 120,103us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature $ 0us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature