STATEMENTS OF CASH FLOWS (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (8,473,040)us-gaap_NetIncomeLoss | $ (9,804,631)us-gaap_NetIncomeLoss |
Adjustments to reconcile net loss to cash used in operating activities: | ||
Depreciation | 15,809us-gaap_Depreciation | 17,059us-gaap_Depreciation |
Amortization of debt discount | 593,770us-gaap_AmortizationOfDebtDiscountPremium | 2,441,220us-gaap_AmortizationOfDebtDiscountPremium |
Stock based compensation | 5,743,425us-gaap_ShareBasedCompensation | 3,305,063us-gaap_ShareBasedCompensation |
Fair value of warrants issued in connection with Series C preferred stock modifications | 0us-gaap_OtherNoncashExpense | 1,074,833us-gaap_OtherNoncashExpense |
Fair value of warrants issued for services | 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 837,243us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 8,715us-gaap_IncreaseDecreaseInPrepaidExpense | 20,000us-gaap_IncreaseDecreaseInPrepaidExpense |
Accounts payable | (110,844)us-gaap_IncreaseDecreaseInAccountsPayable | 349,809us-gaap_IncreaseDecreaseInAccountsPayable |
Stock based payable | 226,305us-gaap_IncreaseDecreaseInDeferredCompensation | 0us-gaap_IncreaseDecreaseInDeferredCompensation |
Deferred rent payable | (1,212)us-gaap_IncreaseDecreaseInDeferredCharges | (3,055)us-gaap_IncreaseDecreaseInDeferredCharges |
Net cash used in operating activities | (1,997,072)us-gaap_NetCashProvidedByUsedInOperatingActivities | (1,762,459)us-gaap_NetCashProvidedByUsedInOperatingActivities |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property and equipment | (3,963)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (11,716)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Net cash used in investing activity | (3,963)us-gaap_NetCashProvidedByUsedInInvestingActivities | (11,716)us-gaap_NetCashProvidedByUsedInInvestingActivities |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net proceeds from the sale of Series C preferred stock and warrants | 0us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock | 1,768,410us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock |
Proceeds from sale of common stock | 1,969,410us-gaap_ProceedsFromIssuanceOfCommonStock | 299,974us-gaap_ProceedsFromIssuanceOfCommonStock |
Payments of related party notes | 0us-gaap_RepaymentsOfRelatedPartyDebt | (30,000)us-gaap_RepaymentsOfRelatedPartyDebt |
Net repayments of related party advances | (30,781)us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt | 13,741us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt |
Net cash provided by financing activities | 1,938,629us-gaap_NetCashProvidedByUsedInFinancingActivities | 2,052,125us-gaap_NetCashProvidedByUsedInFinancingActivities |
Net (decrease) increase in cash and cash equivalents | (62,406)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 277,950us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents, beginning of the period | 302,187us-gaap_CashAndCashEquivalentsAtCarryingValue | 24,237us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents, end of the period | 239,781us-gaap_CashAndCashEquivalentsAtCarryingValue | 302,187us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosures 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 | 0us-gaap_IncomeTaxesPaid | 0us-gaap_IncomeTaxesPaid |
Non cash investing and financing activities: | ||
Convertible bridge notes payable exchanged for preferred shares | 0us-gaap_DebtConversionOriginalDebtAmount1 | 600,000us-gaap_DebtConversionOriginalDebtAmount1 |
Related party donated capital | 87,500us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1 | 0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1 |
Series A Preferred Stock [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued upon conversion preferred stock and accrued dividends |
1,063,331us-gaap_ConversionOfStockAmountIssued1 / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesAPreferredStockMember |
0us-gaap_ConversionOfStockAmountIssued1 / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesAPreferredStockMember |
Series B Preferred Stock [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued upon conversion preferred stock and accrued dividends |
997,526us-gaap_ConversionOfStockAmountIssued1 / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesBPreferredStockMember |
0us-gaap_ConversionOfStockAmountIssued1 / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesBPreferredStockMember |
Series C Preferred Stock [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued upon conversion preferred stock and accrued dividends |
88,900us-gaap_ConversionOfStockAmountIssued1 / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesCPreferredStockMember |
0us-gaap_ConversionOfStockAmountIssued1 / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesCPreferredStockMember |
Stock Issued for Services [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued |
85,000us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForServicesMember |
0us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForServicesMember |
Stock Issued for Settlement of Accounts Payable [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued |
65,000us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForSettlementOfAccountsPayableMember |
0us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForSettlementOfAccountsPayableMember |
Stock Issued for Settlement of Related Party Note and Advances Payable [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued |
0us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForSettlementOfRelatedPartyNoteAndAdvancesPayableMember |
228,508us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForSettlementOfRelatedPartyNoteAndAdvancesPayableMember |
Stock issued for Settlement of Accrued Interest [Member] | ||
Non cash investing and financing activities: | ||
Common stock issued |
$ 0us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForSettlementOfAccruedInterestMember |
$ 18,677us-gaap_StockIssued1 / bios_EquityTransactionAxis = bios_StockIssuedForSettlementOfAccruedInterestMember |
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Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The value of the financial instrument issued [noncash or part noncash] in the conversion of stock. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the value of expenditures made during the current reporting period for benefits that will be received over a period of years. Deferred charges differ from prepaid expenses in that they usually extend over a long period of time and may or may not be regularly recurring costs of operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the obligation created by employee agreements whereby earned compensation will be paid in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The value of the noncash (or part noncash) consideration received in a transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of a transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity's common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from long-term debt by a related party. Related parties, include, but are not limited to, affiliates, owners or officers and their immediate families, and pension trusts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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