XML 33 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operation (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue $ 120,000 $ 310,125 $ 120,000 $ 310,125
Cost of revenue 73,513 200,294 73,513 200,294
Gross profit 46,487 109,831 46,487 109,831
Operating expenses:        
Research and development 193,453 289,413 380,910 669,699
General and administrative 654,877 652,754 1,152,580 1,200,400
Sales and marketing 89,685 132,056 167,070 240,751
Total operating expenses 938,015 1,074,223 1,700,560 2,110,850
Loss from operations (891,528) (964,392) (1,654,073) (2,001,019)
Other expense (income)        
Interest expense 66,511 116,309 123,092 154,336
Change in fair value of derivative and warrant liabilities (1,032,821) 2,889,557 83,198 4,471,963
Amortization of derivative and warrant liabilities discount 556,297 1,094,437 1,020,365 1,445,862
Amortization of deferred debt issuance costs and original issue discount 200,503 461,289 391,072 604,861
(Gain) loss on extinguishment of debt (13,807) 0 16,989 0
Other expense (income), net (4,281) 1,924 (1,763) 1,868
Nonoperating Income (Expense) (227,598) 4,563,516 1,632,953 6,678,890
Net loss $ (663,930) $ (5,527,908) $ (3,287,026) $ (8,679,909)
Basic and diluted loss per share $ 0.00 $ (0.05) $ (0.02) $ (0.08)
Weighted average common shares outstanding: Basic and diluted 158,843,541 108,041,084 157,152,228 108,041,084