XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net revenues        
Net revenues $ 546,028 $ 436,151 $ 992,088 $ 645,657
Net revenues - related parties 204,461 161,043 366,527 314,437
Total net revenues 750,489 597,194 1,358,615 960,094
Cost of net revenues        
Cost of net revenues 467,723 383,298 929,179 713,759
Royalties expense - related parties 21,574 14,728 32,664 23,849
Total cost of net revenues 489,297 398,026 961,843 737,608
Gross profit 261,192 199,168 396,772 222,486
Operating expenses        
Selling, general and administrative 487,560 391,963 925,631 601,013
Research and development costs 7,831 16,326 9,708 36,906
Total operating expenses 495,391 408,289 935,339 637,919
Loss from operations (234,199) (209,121) (538,567) (415,433)
Other expense, net        
Other (income) expense, net (3,830) (3,379) 978 (6,507)
Interest expense 68,754 150,944 185,529 237,274
Interest expense - related parties 1,774 2,085,996 3,908 2,089,810
Total other expense, net 66,698 2,233,561 190,415 2,320,577
Net loss before provision for income taxes (300,897) (2,442,682) (728,982) (2,736,010)
Provision for income tax expense (benefit ) 380 16,981 13,496 (2,943)
Net loss $ (301,277) $ (2,459,663) $ (742,478) $ (2,733,067)
Basic loss per common share $ 0.00 $ (0.19) $ (0.01) $ (0.21)
Diluted loss per common share $ 0.00 $ (0.19) $ (0.01) $ (0.21)
Basic weighted average common shares outstanding 84,261,471 13,010,738 102,186,141 12,969,277
Diluted weighted average common shares outstanding 84,261,471 13,010,738 102,186,141 12,960,277