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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income:        
Revenue $ 34,131 $ 89,600 $ 223,621 $ 135,774
Cost of goods sold 41,331 8,279 119,358 16,913
Gross Profit (7,200) 81,321 104,263 118,861
Operating expenses:        
Research and development 397 17,082 4,753 40,076
Selling, general and administrative $ 98,178 $ 97,013 403,036 283,753
Stock based compensation attributed to warrant grants 102,782 105,501
Total operating expenses $ 98,575 $ 114,095 510,571 429,330
Loss from operations (105,775) (32,774) (406,308) (310,469)
Other income (expense):        
Interest expense (69,601) (50,362) (201,229) (242,626)
Net (loss) gain on derivative liability $ (48,751) 52,977 (132,614) (337,132)
Net gain on extinguishment and modification of debt $ 325,335 7,900 $ 4,032,608
Gain on sale of equipment $ 50,000 $ 50,000
Provision for reserve on receivable due from MJ Enterprises $ (100,000) $ (100,000)
Other income (expense) $ (68,352) 227,950 $ (275,943) 3,352,850
(Loss) income before income taxes $ (174,127) $ 195,176 $ (682,251) $ 3,042,381
Income taxes
Consolidated net (loss) income $ (174,127) $ 195,176 $ (682,251) $ 3,042,381
(Loss) income per common share - basic (in dollars per share) $ (0.08) $ 0.19 $ (0.33) $ 1.54
(Loss) income per common share - diluted (in dollars per share) $ 0.02 $ 0.38
Weighted average shares outstanding        
Basic (in shares) 2,093,502 1,038,883 2,093,502 1,973,673
Fully diluted (in shares) 2,093,502 11,272,858 2,093,502 8,093,175