XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Sales $ 796,222 $ 492,380 $ 2,045,568 $ 1,344,881
Less excise taxes 188,375 140,299 469,936 363,316
Net sales 607,847 352,081 1,575,632 981,565
Cost of sales 370,854 167,524 895,239 518,356
Gross profit 236,993 184,557 680,393 463,209
Selling, general, and administrative expenses 1,583,553 1,587,260 3,948,010 3,431,143
Loss from operations (1,346,560) (1,402,703) (3,267,617) (2,967,934)
Other (expense) income - net (89,889) (9,909) (493,012) 36,244
Loss before income taxes (1,436,449) (1,412,612) (3,760,629) (2,931,690)
Provision for income taxes    
Net loss (1,436,449) (1,412,612) (3,760,629) (2,931,690)
Dividends on convertible preferred stock (19,600) (37,359)
Net loss available to common shareholders $ (1,456,049) $ (1,412,612) $ (3,797,988) $ (2,931,690)
Basic and diluted net loss per common share (in dollars per share) $ (0.31) $ (0.62) $ (1.14) $ (1.28)
Basic and diluted weighted average common shares outstanding (in shares) 4,761,854 2,291,489 3,320,494 2,281,548