XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues $ 2,144,535 $ 3,095,080 $ 7,973,973 $ 9,487,055
Reimbursement revenues 83,342 233,137 493,168 879,181
Total revenues 2,227,877 3,328,217 8,467,141 10,366,236
Cost of services 1,328,406 1,633,024 4,602,469 5,270,148
Cost of reimbursement revenues 83,342 233,137 493,168 879,181
Total cost of services 1,411,748 1,866,161 5,095,637 6,149,329
Gross profit 816,129 1,462,056 3,371,504 4,216,907
Operating expenses        
Research and development 376,595 414,913 1,179,760 1,171,589
Sales and marketing 347,977 314,991 1,135,782 961,714
General and administrative 747,708 684,052 2,511,330 2,202,368
Depreciation and amortization 88,863 101,393 275,730 320,003
Total operating expenses 1,561,143 1,515,349 5,102,602 4,655,674
Operating loss (745,014) (53,293) (1,731,098) (438,767)
Other income (expense)        
Other income 1,030 1,044 5,381 2,174
Other expense (6,680) (7,206) (17,561) (12,920)
Unrealized (loss) gain on change in fair value of the derivative liabilities (658) (19,794) 13,295 (306,247)
Total other (expense) income (6,308) (25,956) 1,115 (316,993)
Net loss (751,322) (79,249) (1,729,983) (755,760)
Preferred stock deemed dividend 0 0 0 1,806,919
Preferred stock dividends 42,000 42,000 126,000 95,333
Net loss available to common stockholders $ (793,322) $ (121,249) $ (1,855,983) $ (2,658,012)
Weighted average basic and diluted shares Outstanding (in shares) 2,979,952 2,974,776 2,979,952 2,960,868
Basic and diluted loss per share (in dollars per share) $ (0.27) $ (0.04) $ (0.62) $ (0.90)