XML 15 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net revenues    
Net revenues$ 478,012$ 390,152$ 1,159,707$ 1,154,363
Net revenues - related parties181,249171,735459,648529,772
Total net revenues659,261561,8871,619,3551,684,135
Cost of net revenues    
Cost of net revenues473,563378,7901,187,3231,232,336
Royalties expense - related parties16,68816,33140,53747,293
Total cost of net revenues490,251395,1211,227,8601,279,629
Gross profit169,010166,766391,495404,506
Operating expenses    
Selling, general and administrative357,907363,557954,545973,365
Research and development costs3,43416,69644,71549,342
Total operating expenses361,341380,253999,2601,022,707
Loss from operations(192,331)(213,487)(607,765)(618,201)
Other expense, net    
Other (income) expense, net1,947(26,143)(4,561)(31,041)
Interest expense174,440199,930411,714239,098
Interest expense - related parties3,059(2,957)2,092,86913,569
Total other expense, net179,446170,8302,500,022221,626
Net loss before provision for income taxes(371,777)(384,317)(3,107,787)(839,827)
Provision for income tax expense (benefit )37,892(38,955)34,949(134,571)
Net loss$ (409,669)$ (345,362)$ (3,142,736)$ (705,256)
Basic loss per common share$ (0.02)$ (0.13)$ (0.11)$ (0.30)
Diluted loss per common share (in dollars per share)$ (0.02)$ (0.13)$ (0.11)$ (0.30)
Basic weighted average common shares outstanding (in shares)18,402,2102,685,28428,196,7052,321,727
Diluted weighted average common shares outstanding (in shares)18,402,2102,685,28428,196,7052,321,727