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Reportable Business Segments (Tables)
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments
Segment Reporting - For the Three Months Ended March 31, 2014
 
 
 
Engineered
 
Reprocessed
 
Corporate
 
 
 
 
 
 
Products
 
Plastics
 
Activities
 
Combined
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statement of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
2,776,563
 
$
2,074,380
 
$
-
 
$
4,850,943
 
Costs of sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
Production
 
 
2,790,395
 
$
2,817,030
 
 
 
 
 
5,607,425
 
Excess capacity
 
 
465,666
 
 
 
 
 
 
 
 
465,666
 
Gross margin (loss)
 
 
(479,498)
 
 
(742,650)
 
 
-
 
 
(1,222,148)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prod dev & quality mgt
 
 
 
 
 
 
 
 
79,482
 
 
79,482
 
Marketing & sales
 
 
 
 
 
 
 
 
300,711
 
 
300,711
 
General & admin
 
 
 
 
 
 
 
 
980,434
 
 
980,434
 
Total op expenses
 
 
-
 
 
-
 
 
1,360,627
 
 
1,360,627
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from operations
 
 
(479,498)
 
 
(742,650)
 
 
(1,360,627)
 
 
(2,582,775)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
 
 
 
 
 
 
383,657
 
 
383,657
 
Amortization of debt discounts
 
 
 
 
 
 
 
 
436,409
 
 
436,409
 
Change in FV of deriv liab
 
 
 
 
 
 
 
 
(6,972,477)
 
 
(6,972,477)
 
Total other (income) expense
 
 
-
 
 
-
 
 
(6,152,411)
 
 
(6,152,411)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(479,498)
 
$
(742,650)
 
$
4,791,784
 
$
3,569,636
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
6,185,061
 
$
8,515,377
 
$
1,830,213
 
$
16,530,651
 
 
(1) Since the acquisition of the plastics recycling company which provided the second segment to our business was acquired in November 2013, we did not report segment information for the three months ended March 31, 2013.