XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2012
Oct. 31, 2011
REVENUES $ 1,965,153 $ 1,431,965 $ 5,246,448 $ 3,565,366
COST OF SERVICES 1,798,957 1,097,132 4,333,289 2,993,020
GROSS PROFIT 166,196 334,833 913,159 572,346
Operating expenses:        
General and administrative 1,598,373 204,690 2,451,778 706,312
Depreciation 5,048 3,941 14,785 9,814
Total operating expenses 1,603,421 208,631 2,466,563 716,126
(LOSS) INCOME FROM OPERATIONS (1,437,225) 126,202 (1,553,404) (143,780)
Other income (expense)        
Loss on change in fair value of derivative liabilities (3,063,144)   (5,853,855)  
Interest expense (200,463) (33,672) (608,510) (96,849)
Financing cost (20,776) (34,375) (61,671) (53,125)
Other income 207 49 657 2,595
Total other expenses (3,284,176) (67,998) (6,523,379) (147,379)
(LOSS) INCOME BEFORE INCOME TAXES (4,721,401) 58,204 (8,076,783) (291,159)
Provision for Income Tax     4,800 2,400
NET (LOSS) INCOME $ (4,721,401) $ 58,204 $ (8,081,583) $ (293,559)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING, BASIC AND DILUTED 33,440,542 29,331,970 31,673,682 28,992,367
BASIC AND DILUTED NET LOSS PER SHARE $ (0.15) $ 0.00 $ (0.24) $ (0.01)