XML 37 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
REVENUE:        
Product sales $ 413,509 $ 777,961 $ 1,303,067 $ 2,213,635
Non-product revenue   87,081   261,243
Total revenue 413,509 865,042 1,303,067 2,474,878
OPERATING EXPENSES:        
Cost of revenue 528,647 592,302 1,396,083 1,320,922
General and administrative 1,195,404 1,519,826 4,183,483 4,131,725
Sales and marketing 416,675 344,502 1,411,978 1,000,850
Engineering, research and development 1,155,966 400,647 2,899,303 1,076,285
Total operating expenses 3,296,692 2,857,277 9,890,847 7,529,782
LOSS FROM OPERATIONS (2,883,183) (1,992,235) (8,587,780) (5,054,904)
OTHER INCOME (EXPENSE):        
Interest expense (135,197) (624,449) (251,802) (1,613,023)
Loss on extinguishment of debt (56,151)   (422,435)  
Fair value adjustment of warrants 22,856 288,321 494,986 193,471
Other expense (7,462) (1,056) (11,288) (632)
NET LOSS (3,059,137) (2,329,419) (8,778,319) (6,475,088)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (Note 8) $ (3,059,137) $ (2,329,419) $ (8,778,319) $ (13,381,654)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.38) $ (1.08) $ (1.12) $ (6.18)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 8,005,820 2,164,607 7,872,767 2,164,100