XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 168,427 $ 48,355 $ 353,081 $ 149,160
Cost of sales 9,035 5,770 12,021 13,858
Gross profit 159,392 42,585 341,060 135,302
Operating expenses:        
Compensation 92,423 88,900 181,407 159,300
Professional fees 101,015 397,614 274,773 772,861
Selling, general and administrative expenses 66,086 1,010,703 140,783 2,299,583
Research and development 91,000 79,969 175,500 163,169
Total operating expenses 350,524 1,577,186 772,463 3,394,913
Loss from operations (191,132) (1,534,601) (431,403) (3,259,611)
Other (income) expense:        
Financing expense 0 0 0 0
Interest and financing expense 187,620 160,041 312,239 286,613
Change in fair value of derivative liabilities (43,780) (68,697) (110,727) 12,344
Gain on the redemption of debt        
Forgiveness of debt 0 0 0 (3,460)
Write off payroll tax payable 0 0 0 0
Total other expense 143,840 91,344 201,512 295,497
Income tax provision 0 0 0 0
Net loss $ (334,972) $ (1,625,945) $ (632,915) $ (3,555,108)
Net loss per common share - basic and diluted $ (0.001) $ (0.01) $ (0.003) $ (0.03)
Weighted average common shares outstanding - basic and diluted 250,846,370 133,132,196 242,974,139 115,046,295