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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2011
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| REVENUES | ||||
| Developer tools revenue | $ 205,180 | $ 634,108 | ||
| Mobile application revenue | 254,722 | 365,207 | ||
| Total Revenue | 459,902 | 999,315 | ||
| OPERATING EXPENSES | ||||
| Professional fees | 692,703 | 13,888 | 2,637,351 | 19,128 |
| Executive compensation | 127,500 | |||
| General and administrative | 384,662 | 19,512 | 768,270 | 23,206 |
| Impairment of goodwill | 3,981,508 | 3,981,508 | ||
| Total Operating Expenses | 5,058,873 | 33,400 | 7,514,629 | 42,334 |
| LOSS FROM OPERATIONS | (4,598,971) | (33,400) | (6,515,314) | (42,334) |
| Interest expense | (59,331) | (246) | (157,854) | (246) |
| Total Other Expenses | (59,331) | (246) | (157,854) | (246) |
| LOSS BEFORE INCOME TAXES | (4,658,302) | (33,646) | (6,673,168) | (42,580) |
| PROVISION FOR INCOME TAXES | ||||
| NET LOSS | $ (4,658,302) | $ (33,646) | $ (6,673,168) | $ (42,580) |
| BASIC AND DILUTED LOSS PER SHARE | $ (0.08) | $ 0.00 | $ (0.12) | $ 0.00 |
| BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 57,231,252 | 33,090,659 | 54,123,299 | 33,045,580 |
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Custom Element No definition available.
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Custom Element No definition available.
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Custom Element No definition available.
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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