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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net revenues        
Net revenues $ 337,346 $ 546,028 $ 760,627 $ 992,088
Net revenues - related parties 255,289 204,461 420,671 366,527
Total net revenues 592,635 750,489 1,181,298 1,358,615
Cost of net revenues        
Cost of net revenues 432,159 467,723 905,077 929,179
Royalties expense - related parties 14,662 21,574 14,283 32,664
Total cost of net revenues 446,821 489,297 919,360 961,843
Gross profit 145,814 261,192 261,938 396,772
Operating expenses        
Selling, general and administrative 333,752 487,560 911,781 925,631
Research and development costs 16,355 7,831 15,599 9,708
Total operating expenses 350,107 495,391 927,380 935,339
Loss from operations (204,293) (234,199) (665,442) (538,567)
Other (income) expense, net        
Other (income) expense, net (120,402) (3,830) (28,624) 978
Change in derivative liability (565,689) 0 0 0
Interest expense 56,200 68,754 125,050 185,529
Interest expense - related parties 271 1,774 928 3,908
Total other (income) expense, net (629,620) 66,698 97,354 190,415
Net income (loss) before provision for income taxes 425,327 (300,897) (762,796) (728,982)
Provision for income tax (benefit) expense (456) 380 3,327 13,496
Net income (loss) $ 425,783 $ (301,277) $ (766,123) $ (742,478)
Basic income (loss) per common share (in dollars per share) $ 0.19 $ (4.83) $ (0.49) $ (9.81)
Diluted income (loss) per common share (in dollars per share) $ 0.03 $ (4.83) $ (0.49) $ (9.81)
Basic weighted average common shares outstanding (in shares) 2,191,590 62,416 1,570,240 75,693
Diluted weighted average common shares outstanding (in shares) 13,225,571 62,416 1,570,240 75,693