XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
REVENUES: $ 691,732 $ 413,509 $ 2,266,156 $ 1,303,067
OPERATING EXPENSES:        
Cost of revenue 596,800 644,619 1,928,741 1,751,565
General and administrative 818,462 1,001,123 1,699,423 3,565,709
Sales and marketing 547,802 439,808 1,232,304 1,481,842
Engineering, research and development 356,594 1,211,142 1,151,442 3,091,731
Total operating expenses 2,319,658 3,296,692 6,011,910 9,890,847
LOSS FROM OPERATIONS (1,627,926) (2,883,183) (3,745,754) (8,587,780)
OTHER INCOME (EXPENSE):        
Interest expense (239,284) (135,197) (555,415) (251,802)
(Loss) gain on extinguishment of debt   (56,151) 80,706 (422,435)
Fair value adjustment of warrants 13,257 22,856 48,688 494,986
Other expense (1,091) (7,462) (8,091) (11,288)
NET LOSS $ (1,855,044) $ (3,059,137) $ (4,179,866) $ (8,778,319)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.22) $ (0.38) $ (0.50) $ (1.12)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 8,384,708 8,005,820 8,384,708 7,872,767