XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
REVENUES $ 2,209,685 $ 910,420
COST OF GOODS SOLD 799,626 538,273
GROSS PROFIT 1,410,059 372,147
GENERAL AND ADMINISTRATIVE EXPENSES:    
General and Administrative Expenses 2,745,938 2,337,982
Depreciation / Amortization 470,619 509,959
Impairment of Intangible Assets 3,208,372   
INCOME (LOSS) FROM CONTINUING OPERATIONS: (5,014,870) (2,475,794)
OTHER INCOME (EXPENSES):    
Gain (Loss) on Debt Settlement (1,128,914) (1,421,336)
Gain (Loss) from Joint Venture 27,137   
Change in fair value of Derivative Liability (96,490) 506,645
Warrant Expense (2,164,302) (2,012,971)
Interest Income 277,770 157,724
Interest Expense (262,340) (801,778)
Debt related Expense (4,378,807) (594,307)
LOSS BEFORE INCOME TAXES (12,740,816) (6,641,817)
Current tax expense      
Deferred tax expense      
NET LOSS $ (12,740,816) $ (6,641,817)
Basic and diluted loss per share of common stock $ (0.23) $ (0.19)
Weighted average number of common shares outstanding 54,702,212 35,823,548