XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net sales $ 2,045,278 $ 2,277,074 $ 5,790,363 $ 6,321,495
Cost of sales 1,266,224 1,518,310 3,857,682 4,414,402
Gross profit 779,054 758,764 1,932,681 1,907,093
Operating expenses:        
Administrative and general 1,001,001 1,280,183 3,589,602 5,124,883
Selling and marketing 442,495 401,826 1,557,735 824,771
Research and development 325,126 570,197 1,346,540 1,793,596
Depreciation and amortization 127,334 169,592 454,009 517,751
Total operating expenses 1,895,956 2,421,798 6,947,886 8,261,001
Total operating loss (1,116,902) (1,663,034) (5,015,205) (6,353,908)
Other income :        
Interest income    338 1 2,324
Interest expense (460,388) (176,047) (1,066,599) (745,925)
Gain (loss) on derivative valuation 1,051,516 5,851,300 5,639,996 12,257,500
Equity issuance costs related to warrants       (1,095,309) (476,234)
Loss on note conversion offering expense (47,348)    (47,348)   
Gain (loss) on extinguishment of debt (83,754) 16,000 1,588,821 (954,033)
Loss on retirement of debt offering costs (53,150)    (53,150)   
Gain (loss) on sale of assets 2,421    781 (362)
Other income (expense), net (3,467) 5,597 (1,345) 151
Total other income 405,830 5,697,188 4,965,848 10,083,421
Profit (loss) before income taxes (711,072) 4,034,154 (49,357) 3,729,513
Provision for income taxes            
Net profit (loss) $ (711,072) $ 4,034,154 $ (49,357) $ 3,729,513
Net profit (loss) per share - basic $ (0.01) $ 0.05 $ 0.0 $ 0.05
Net profit (loss) per share - diluted $ (0.01) $ 0.05 $ 0.0 $ 0.05
Weighted average shares - basic 107,263,073 75,844,526 98,564,531 75,240,313
Weighted average shares - diluted 107,263,073 78,414,453 98,564,531 77,970,216