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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net revenues        
Net revenues $ 549,054 $ 337,346 $ 781,373 $ 760,627
Net revenues - related parties 316,070 255,289 672,135 420,671
Total net revenues 865,124 592,635 1,453,508 1,181,298
Cost of net revenues        
Cost of net revenues 544,472 432,159 996,318 905,077
Royalties expense - related parties 20,411 14,662 33,637 14,283
Total cost of net revenues 564,883 446,821 1,029,955 919,360
Gross profit 300,241 145,814 423,553 261,938
Operating expenses        
Selling, general and administrative 157,745 333,752 337,712 911,781
Research and development costs 1,200 16,355 1,579 15,599
Total operating expenses 158,945 350,107 339,291 927,380
Loss from operations 141,296 (204,293) 84,262 (665,442)
Other (income) expense, net        
Other (income) expense, net 39,342 (120,402) 2,604 (28,624)
Change in derivative liability 0 (565,689) 0 0
Interest expense 11,700 56,200 25,252 125,050
Interest expense - related parties 4,506 271 9,013 928
Total other (income) expense, net 55,548 (629,620) 36,869 97,354
Net income (loss) before provision for income taxes 85,748 425,327 47,393 (762,796)
Provision for income tax (benefit) expense 0 (456) 44 3,327
Net income (loss) $ 85,748 $ 425,783 $ 47,349 $ (766,123)
Basic income (loss) per common share (in dollars per share) $ 0.01 $ 0.19 $ 0.00 $ (0.49)
Diluted income (loss) per common share (in dollars per share) $ 0.00 $ 0.03 $ 0.00 $ (0.49)
Basic weighted average common shares outstanding (in shares) 14,097,417 2,191,590 10,665,857 1,570,240
Diluted weighted average common shares outstanding (in shares) 69,028,500 13,225,571 65,596,941 1,570,240