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Reportable Business Segments (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments
Segment Reporting - For the Year Ended December 31, 2013 (1)
 
 
 
Engineered
 
Reprocessed
 
Corporate
 
 
 
 
Statement of Operations
 
Products
 
Plastics
 
Activities
 
Combined
 
Revenue
 
$
5,916,363
 
$
711,402
 
$
-
 
$
6,627,765
 
Costs of sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
Production
 
 
5,434,123
 
 
1,036,926
 
 
-
 
 
6,471,049
 
Start-up and excess capacity
 
 
816,111
 
 
-
 
 
-
 
 
816,111
 
Gross margin (loss)
 
 
(333,871)
 
 
(325,524)
 
 
-
 
 
(659,395)
 
Product development and quality management
 
 
1,556,203
 
 
-
 
 
-
 
 
1,556,203
 
Marketing and sales
 
 
911,345
 
 
15,716
 
 
-
 
 
927,061
 
General and administrative
 
 
-
 
 
-
 
 
4,232,200
 
 
4,232,200
 
Total operating costs and expenses
 
 
2,467,548
 
 
15,716
 
 
4,232,200
 
 
6,715,464
 
Loss from operations
 
 
(2,801,419)
 
 
(341,240)
 
 
(4,232,200)
 
 
(7,374,859)
 
Interest expense
 
 
-
 
 
-
 
 
808,117
 
 
808,117
 
Amortization of debt discounts
 
 
-
 
 
-
 
 
685,761
 
 
685,761
 
Change in fair value of derivative liabilities
 
 
-
 
 
-
 
 
15,320,865
 
 
15,320,865
 
Total other expense
 
 
-
 
 
-
 
 
16,814,743
 
 
16,814,743
 
Net loss
 
$
(2,801,419)
 
$
(341,240)
 
$
(21,046,943)
 
$
(24,189,602)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
7,546,454
 
$
8,462,969
 
$
-
 
$
16,009,423
 
 
(1) As the acquisition of the plastics recycling company which provided a second segment to our business, was acquired in November 2013, we did not report segment information for the year ended December 31, 2012.