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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue $ 3,122,912 $ 1,272,689 $ 12,027,909 $ 4,532,274
Production 3,902,250 1,189,172 14,718,367 4,145,008
Excess capacity & inventory adjustments 369,806 293,941 1,829,700 394,740
Gross margin (loss) (1,149,144) (210,424) (4,520,158) (7,474)
Operating expenses:        
Product development and quality management 52,219 213,525 226,273 682,141
Marketing and sales 126,047 202,106 801,633 703,201
General and administrative 1,069,672 732,427 22,175,376 2,216,656
Total operating expenses 1,247,938 1,148,058 23,203,282 3,601,998
Loss from operations (2,397,082) (1,358,482) (27,723,440) (3,609,472)
Other (income) expenses:        
Interest expense 478,496 190,318 1,320,127 542,971
Amortization of debt discount 1,196,807 132,497 2,055,894 414,525
Impairment of intangible assets 545,750 0 545,750 0
Fair value of common shares issued in excess of fair value of warrants tendered (54) 0 883,422 0
Change in fair value of derivative liabilities (7,337,983) (730,000) (18,385,978) (253,936)
Total other (income) (5,116,984) (407,185) (13,580,785) 703,560
Net loss 2,719,902 (951,297) (14,142,655) (4,313,032)
Accretion of preferred stock dividends and beneficial conversion feature (152,237) (405,936) (717,615) (1,218,273)
Net income (loss) attributable to common shareholders $ 2,567,665 $ (1,357,233) $ (14,860,270) $ (5,531,305)
Weighted average common shares -        
Basic 69,066,096 30,307,925    
Diluted 127,971,683 30,307,925    
Weighted average common shares - basic and diluted     46,382,952 29,583,289
Net income (loss) per share -        
Basic $ 0.04 $ (0.04)    
Diluted $ 0.02 $ (0.04)    
Net (loss) per share - basic and diluted     $ (0.32) $ (0.19)