XML 1026 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Income Statement [Abstract]            
REVENUE $ 2,060,250 $ 1,813,625 $ 6,333,552 $ 5,525,785 $ 7,923,976 $ 9,136,216
COST OF SALES 1,642,240 1,457,420 4,807,196 4,512,899 6,344,247 7,570,006
GROSS PROFIT 418,010 356,205 1,526,356 1,012,886 1,579,729 1,566,209
RESEARCH AND DEVELOPMENT EXPENSES 341,231 23,000 720,022 99,000 176,944 133,941
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,018,083 1,076,134 3,570,911 2,754,050 3,624,711 3,691,760
OPERATING LOSS (941,304) (742,929) (2,764,577) (1,840,164) (2,221,926) (2,259,491)
OTHER INCOME (EXPENSE)            
Interest expense (38,605) (12,261) (154,642) (128,503) (463,735) (212,571)
Other income 5,296 7,610 25,206 19,758 36,597 67,458
Loss on change - derivative liability warrants (1,448,710)    (1,448,710)       
Loss on purchase of warrants and additional investment right       (1,150,000)       
Loss on purchase of outstanding warrants         (500,000)   
Gain on extinguishment of debt         394,057  
Total other expense (1,482,019) (4,651) (2,728,146) (108,745) (533,081) (145,113)
LOSS BEFORE INCOME TAXES (2,423,323) (747,580) (5,492,723) (1,948,909) (2,755,007) (2,404,604)
Income taxes - current benefit (13,910) (9,965) (30,045) (24,159) (29,315) (9,080)
NET LOSS (2,409,413) (737,615) (5,462,678) (1,924,750) (2,725,692) (2,395,524)
NONCONTROLLING INTEREST (6,476) (786) (14,802) 2,750 6,206 14,231
NET LOSS ATTRIBUTABLE TO VISUALANT, INC. AND SUBSIDIARIES COMMON SHAREHOLDERS $ (2,402,937) $ (736,829) $ (5,447,876) $ (1,927,500) $ (2,731,898) $ (2,409,756)
Basic and diluted loss per common share attributable to Visualant, Inc. and subsidiaries common shareholders-            
Basic and diluted loss per share $ (0.02) $ (0.01) $ (0.05) $ (0.03) $ (0.04) $ (0.06)
Weighted average shares of common stock outstanding- basic and diluted 124,638,584 67,597,374 108,181,494 59,398,032 65,557,376 42,682,795