XML 22 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]  
Quarterly financial information
The following table contains condensed information from the Company’s Consolidated Statements of Operations for each quarter of the years ended December 31, 2013 and 2012. We have derived this data from its unaudited quarterly financial statements. We believe that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

 
 
First Quarter
  
Second Quarter
  
Third Quarter
  
Fourth Quarter
 
2013
 
  
  
  
 
Revenues
 
$
102,044
  
$
28,884
  
$
110,580
  
$
129,060
 
Costs and expenses
  
649,413
   
744,932
   
743,033
   
880,888
 
Operating (loss)
  
(547,369
)
  
(716,048
)
  
(632,453
)
  
(751,828
)
Other income (expense)
  
(109,221
)
  
(106,737
)
  
(110,816
)
  
(106,442
)
Net (loss)
 
$
(656,590
)
 
$
(822,785
)
 
$
(743,269
)
 
$
(858,270
)
Less preferred stock dividends
  
(12,021
)
  
(12,154
)
  
(6,061
)
  
---
 
Net (loss) allocable to common stockholders
 
$
(668,611
)
 
$
(834,939
)
 
$
(749,330
)
 
$
(858,270
)
 
                
Basic and diluted net (loss) per common share
 
$
(0.06
)
 
$
(0.06
)
 
$
(0.05
)
 
$
(0.04
)
 
                
2012
                
Revenues
 
$
60,005
  
$
56,211
  
$
88,922
  
$
165,456
 
Costs and expenses
  
879,717
   
884,289
   
837,149
   
1,034,259
 
Operating (loss)
  
(819,712
)
  
(828,078
)
  
(748,227
)
  
(868,803
)
Other income (expense)
  
(23,697
)
  
(30,068
)
  
(103,498
)
  
(109,266
)
Net (loss)
 
$
(843,409
)
 
$
(858,146
)
 
$
(851,725
)
 
$
(978,069
)
Less preferred stock dividends
  
(10,726
)
  
(12,154
)
  
(12,288
)
  
(12,288
)
Net (loss) allocable to common stockholders
 
$
(854,135
)
 
$
(870,300
)
 
$
(864,013
)
 
$
(990,357
)
 
                
Basic and diluted net (loss) per common share
 
$
(0.11
)
 
$
(0.11
)
 
$
(0.10
)
 
$
(0.10
)