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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES $ 163,749 $ 117,226 $ 415,502 $ 260,328
COST OF REVENUES 47,233 40,936 140,531 88,580
GROSS PROFIT 116,516 76,290 274,971 171,748
OPERATING EXPENSES        
Research and development 795,118 895,651 1,544,417 1,981,625
General and administrative 1,510,390 1,498,236 2,892,575 3,096,760
Depreciation 6,244 185,202 12,481 379,934
Amortization 76,689 76,690 153,378 153,379
TOTAL OPERATING EXPENSES 2,388,441 2,655,779 4,602,851 5,611,698
OPERATING LOSS (2,271,925) (2,579,489) (4,327,880) (5,439,950)
OTHER INCOME (EXPENSE)        
Transitional services provided to Pulse Veterinary Technologies, LLC 112,500 90,125 225,000 180,125
Gain on sale of assets   2,065   2,065
Extinguishment of debt (Note 11) (1,318,781)   (1,318,781)  
Interest expense, net (79,794) (240,243) (316,074) (457,524)
Gain (loss) on foreign currency exchange (14,207) 392 (17,798) (6,621)
TOTAL OTHER INCOME (EXPENSE) (1,300,282) (147,661) (1,427,653) (281,955)
LOSS BEFORE INCOME TAXES (3,572,207) (2,727,150) (5,755,533) (5,721,905)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments 2,290 (3,593) 13,288 (4,161)
TOTAL COMPREHENSIVE LOSS (3,569,917) (2,730,743) (5,742,245) (5,726,066)
LOSS PER SHARE:        
Net loss - basic (in Dollars per share) $ (0.17) $ (0.22) $ (0.31) $ (0.46)
Net loss - diluted (in Dollars per share) $ (0.17) $ (0.22) $ (0.31) $ (0.46)
Weighted average shares outstanding - basic (in Shares) 20,537,517 12,509,657 18,340,586 12,509,657
Weighted average shares outstanding - diluted (in Shares) 20,537,517 12,509,657 18,340,586 12,509,657
NET LOSS $ (3,572,207) $ (2,727,150) $ (5,755,533) $ (5,721,905)