XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Selling general and administrative expenses        
Professional Fees $ 231,841 $ 21,676 $ 287,897 $ 67,044
Compensation 143,330 131,252 328,233 270,008
Other 31,271 55,958 104,922 145,185
Depreciation of property, plant and equipment and accretion of long-term liability 96,587 216,664 201,588 436,298
TOTAL OPERATING EXPENSES 503,029 425,550 922,640 918,535
LOSS FROM OPERATIONS (503,029) (425,550) (922,640) (918,535)
OTHER (INCOME) EXPENSES        
Impairment loss - property, plant and equipment 13,158
Gain on disposal of property, plant and equipment (255,676)
Interest expense, net 225,545 187,601 453,444 364,191
Other (income) expense, net (779,519) 59 (781,205) 34
TOTAL OTHER (INCOME) EXPENSES (553,974) 187,660 (570,279) 364,225
INCOME (LOSS)BEFORE INCOME TAXES 755,667 (613,210) 352,361 (1,282,760)
Provision for Income taxes
Net income (loss) from continuing operations 755,667 (613,210) 352,361 (1,282,760)
Net (loss) from discontinued operations (Note 12)
NET INCOME (LOSS) $ 755,667 $ (613,210) $ 352,361 $ (1,282,760)
Income (Loss) per share        
Basic and diluted - from continuing operations $ 0.01 $ (0.00) $ (0.00) $ (0.01)
Basic and diluted - from discontinued operations [1]
Total basic and diluted income (loss) per share $ 0.01 $ (0.00) $ (0.00) $ (0.01)
Weighted average number of shares outstanding        
Basic and diluted (Note 2) 124,756,158 124,756,158 124,756,158 124,756,158
[1] Less than $.01