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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
COSTS AND EXPENSES    
Administrative and general $ 174,765 $ 256,588
Amortization 9,296 9,296
Other 15,658 21,492
Costs and Expenses 199,719 287,376
OTHER (EXPENSE) INCOME    
Amortization of debt discount (13,652) (17,860)
Interest expense (100,103) (82,980)
Change in fair value of derivative liability (45,574) 1,353,280
Other (Expense) Income (159,329) 1,252,440
NET (LOSS) INCOME (359,048) 965,064
PREFERRED STOCK DIVIDENDS (25,400) (25,400)
NET (LOSS) INCOME APPLICABLE TO COMMON STOCKHOLDERS $ (384,448) $ 939,664
Net (loss) earnings per common share, basic $ (0.01) $ 0.03
Net (loss) earnings per common share, fully diluted $ (0.01) $ 0.02
Weighted average number of common shares, basic 36,297,576 36,297,576
Weighted average number of common shares, fully diluted 36,297,576 44,359,076