XML 82 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenue   $ 7,816
Cost of revenue   47,357
Gross Profit   (39,541)
Research and development 547,276 3,708,932
General and administrative 1,538,312 3,329,469
Marketing 755,307 984,115
Impairment loss   1,812,728
Inventory write down   99,632
Total operating expenses 2,840,895 9,934,876
Loss from operations (2,840,895) (9,974,417)
Interest income 19 177
Interest expense (1,309,917) (605,247)
Derivative valuation gain 592,783 1,497,865
Loss on extinguishment of debt (353,161)  
Loss on extinguishment of accounts payable (63,473)  
Gain on disposal of foreign subsidiary 149,196  
Total other income (expense) (984,553) 892,795
Loss before provision for income taxes (3,825,448) (9,081,622)
Net loss (3,825,448) (9,081,622)
Foreign currency translation adjustments 25,374 86,275
Reclassification adjustment on disposal of foreign subsidiary (149,196)  
Comprehensive loss $ (3,949,270) $ (8,995,347)
Basic $ (0.64) $ (1.64)
Diluted $ (0.64) $ (1.64)
Basic 5,949,211 5,520,903
Diluted 5,949,211 5,520,903