Reportable Business Segments (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Schedule of Revenue by Major Customers by Reporting Segments

Segment Reporting - For the Three Months Ended September 30, 2014

	Engineered		Reprocessed		Corporate
	Products		Plastics		Activities		Combined
Statement of Operations
Revenue	$	1,667,668	$	1,455,244	$	-	$	3,122,912
Costs of sales:
Production		1,714,300		2,187,950		-		3,902,250
Excess capacity & inventory adjustments		369,806		-		-		369,806
Gross margin (loss)		(416,438)		(732,706)		-		(1,149,144)
Product development & quality management		-		-		52,219		52,219
Marketing & sales		-		-		126,047		126,047
General & administrative		-		-		1,069,672		1,069,672
Total operating expenses		-		-		1,247,938		1,247,938
Loss from operations		(416,438)		(732,706)		(1,247,938)		(2,397,082)
Other (income) expenses:
Interest expense		-		-		478,496		478,496
Amortization of debt discounts		-		-		1,196,807		1,196,807
Impairment of intangible assets		-		-		545,750		545,750
Fair value of common shares issued in excess of fair value of warrants tendered		-		-		(54)		(54)
Change in fair value of derivative liabilities		-		-		(7,337,983)		(7,337,983)
Total other (income)		-		-		(5,116,984)		(5,116,984)
Net income (loss)	$	(416,438)	$	(732,706)	$	3,869,046	$	2,719,902
Total assets at September 30, 2014	$	8,215,092	$	5,622,686	$	4,474,200	$	18,311,978

Segment Reporting - For the Nine Months Ended September 30, 2014

	Engineered		Reprocessed		Corporate
	Products		Plastics		Activities		Combined
Statement of Operations
Revenue	$	6,630,042	$	5,397,867	$	-	$	12,027,909
Costs of sales:
Production		6,412,835		8,305,532		-		14,718,367
Excess capacity & inventory adjustments		1,829,700		-		-		1,829,700
Gross margin (loss)		(1,612,493)		(2,907,665)		-		(4,520,158)
Product development & quality management		-		-		226,273		226,273
Marketing & sales		-		-		801,633		801,633
General & administrative		-		-		22,175,376		22,175,376
Total operating expenses		-		-		23,203,282		23,203,282
Loss from operations		(1,612,493)		(2,907,665)		(23,203,282)		(27,723,440)
Other (income) expenses:
Interest expense		-		-		1,320,127		1,320,127
Amortization of debt discounts		-		-		2,055,894		2,055,894
Impairment of intangible assets						545,750		545,750
Fair value of common shares issued in excess of fair value of warrants tendered		-		-		883,422		883,422
Change in fair value of derivative liabilities		-		-		(18,385,978)		(18,385,978)
Total other (income)		-		-		(13,580,785)		(13,580,785)
Net (loss)	$	(1,612,493)	$	(2,907,665)	$	(9,622,497)	$	(14,142,655)

(1) Since 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 or nine months ended September 30, 2013.