Investor Relations

Financials

v2.4.1.9
Balance Sheet (Unaudited) (USD $)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 157,278us-gaap_CashAndCashEquivalentsAtCarryingValue $ 3,387,428us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 0us-gaap_AccountsReceivableNetCurrent 99,786us-gaap_AccountsReceivableNetCurrent
Prepaid expenses and other current assets 89,408us-gaap_PrepaidExpenseCurrent 153,681us-gaap_PrepaidExpenseCurrent
Inventory, net 197,969us-gaap_InventoryNet 110,625us-gaap_InventoryNet
Total current assets 444,655us-gaap_AssetsCurrent 3,751,520us-gaap_AssetsCurrent
Property and equipment, net 14,417us-gaap_PropertyPlantAndEquipmentNet 15,176us-gaap_PropertyPlantAndEquipmentNet
Intangible assets 632,143us-gaap_IntangibleAssetsNetExcludingGoodwill 696,429us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 69,782us-gaap_Goodwill 69,782us-gaap_Goodwill
Other assets 2,125us-gaap_OtherAssets 2,125us-gaap_OtherAssets
Total assets 1,163,122us-gaap_Assets 4,535,032us-gaap_Assets
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 410,787us-gaap_AccountsPayableCurrent 170,977us-gaap_AccountsPayableCurrent
Accrued expenses and other current liabilities 278,177us-gaap_AccruedLiabilitiesCurrent 720,965us-gaap_AccruedLiabilitiesCurrent
Deferred revenue 101,675us-gaap_DeferredRevenue 0us-gaap_DeferredRevenue
Total current liabilities 790,639us-gaap_LiabilitiesCurrent 891,942us-gaap_LiabilitiesCurrent
Notes payable - related party 297,820us-gaap_DueToRelatedPartiesNoncurrent 297,820us-gaap_DueToRelatedPartiesNoncurrent
Total liabilities 1,088,459us-gaap_Liabilities 1,189,762us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Note 10)      
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, 38,512,516 and 37,362,160 shares issued and outstanding at December 31, 2014 and 2013, respectively 38,512us-gaap_CommonStockValue 37,362us-gaap_CommonStockValue
Additional paid-in capital 12,034,992us-gaap_AdditionalPaidInCapital 10,606,810us-gaap_AdditionalPaidInCapital
Accumulated deficit (11,998,841)us-gaap_RetainedEarningsAccumulatedDeficit (7,298,902)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 74,663us-gaap_StockholdersEquity 3,345,270us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 1,163,122us-gaap_LiabilitiesAndStockholdersEquity $ 4,535,032us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Statement of Operations (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]    
Revenue $ 199,582us-gaap_Revenues $ 323,412us-gaap_Revenues
Cost of goods sold 175,829us-gaap_CostOfGoodsSold 278,205us-gaap_CostOfGoodsSold
Gross margin 23,753us-gaap_GrossProfit 45,207us-gaap_GrossProfit
Operating expenses:    
Research and development 1,432,669us-gaap_ResearchAndDevelopmentExpense 542,492us-gaap_ResearchAndDevelopmentExpense
Sales and marketing 320,353us-gaap_SellingAndMarketingExpense 329,218us-gaap_SellingAndMarketingExpense
General and administrative 2,945,078us-gaap_GeneralAndAdministrativeExpense 3,753,742us-gaap_GeneralAndAdministrativeExpense
Total operating expenses 4,698,100us-gaap_OperatingExpenses 4,625,452us-gaap_OperatingExpenses
Operating loss (4,674,347)us-gaap_OperatingIncomeLoss (4,580,245)us-gaap_OperatingIncomeLoss
Interest Expense (20,009)us-gaap_InterestExpenseRelatedParty (19,692)us-gaap_InterestExpenseRelatedParty
Other (expense) income (4,749)us-gaap_OtherNonoperatingIncomeExpense 1,505us-gaap_OtherNonoperatingIncomeExpense
Foreign currency loss (834)us-gaap_ForeignCurrencyTransactionGainLossRealized (3,071)us-gaap_ForeignCurrencyTransactionGainLossRealized
Net loss $ (4,699,939)us-gaap_ProfitLoss $ (4,601,503)us-gaap_ProfitLoss
Net loss per share - basic and diluted $ (0.12)us-gaap_EarningsPerShareBasicAndDiluted $ (0.18)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding - basic and diluted 38,192,363us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 25,370,626us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
v2.4.1.9
Statement of Cash Flows (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net loss $ (4,699,939)us-gaap_ProfitLoss $ (4,601,503)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 70,948us-gaap_DepreciationAmortizationAndAccretionNet 67,103us-gaap_DepreciationAmortizationAndAccretionNet
Loss on disposal of property and equipment 607us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Stock based compensation 762,005us-gaap_ShareBasedCompensation 1,554,913us-gaap_ShareBasedCompensation
Issuance of common stock and common stock warrants in exchange for consulting services 130,991us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 509,967us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Issuance of common stock warrants 35,836BTHE_IssuanceOfCommonStockWarrants 0BTHE_IssuanceOfCommonStockWarrants
Changes in operating assets and liabilities:    
Accounts receivable 99,786us-gaap_IncreaseDecreaseInAccountsReceivable (82,435)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (87,344)us-gaap_IncreaseDecreaseInInventories (93,816)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 64,273us-gaap_IncreaseDecreaseInPrepaidExpense (144,608)us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts payable 239,810us-gaap_IncreaseDecreaseInAccountsPayable (123,210)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (192,788)us-gaap_IncreaseDecreaseInAccruedLiabilities 574,191us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred revenue 101,675us-gaap_IncreaseDecreaseInDeferredRevenue 0us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used in operating activities (3,474,140)us-gaap_NetCashProvidedByUsedInOperatingActivities (2,339,398)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property and equipment (6,510)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (10,919)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (6,510)us-gaap_NetCashProvidedByUsedInInvestingActivities (10,919)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from issuance of common stock upon option exercises 500us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised
Proceeds from issuance of common stock and common stock warrants (net of issuance costs) 250,000us-gaap_ProceedsFromIssuanceOfCommonStock 5,185,430us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by financing activities 250,500us-gaap_NetCashProvidedByUsedInFinancingActivities 5,185,430us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash and cash equivalents (3,230,150)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,835,113us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 3,387,428us-gaap_CashAndCashEquivalentsAtCarryingValue 552,315us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 157,278us-gaap_CashAndCashEquivalentsAtCarryingValue 3,387,428us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid during the year for:Interest 0us-gaap_InterestPaid 0us-gaap_InterestPaid
Cash paid during the year for:Income taxes 4,283us-gaap_IncomeTaxesPaidNet 0us-gaap_IncomeTaxesPaidNet
Non-cash financing activities    
Issuance of common stock for stock subscription received in 2013 250,000BTHE_IssuanceOfCommonStockForStockSubscriptionReceived 0BTHE_IssuanceOfCommonStockForStockSubscriptionReceived
Value of common stock issued to settle accrued liabilities $ 0us-gaap_StockIssuedDuringPeriodValueOther $ 14,000us-gaap_StockIssuedDuringPeriodValueOther