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Condensed Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
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Jun. 30, 2013
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| Statements of Operations [Abstract] | ||||
| Sales | $ 161,574 | $ 328,617 | $ 291,444 | $ 437,260 |
| Cost of Goods Sold | 135,667 | 324,614 | 230,550 | 521,845 |
| Gross Margin/(Loss) | 25,907 | 4,003 | 60,894 | (84,585) |
| Operating Expenses: | ||||
| Research and development expenses | 0 | 130,164 | 22,517 | 256,702 |
| Selling, general and administrative expenses | 297,667 | 631,131 | 826,479 | 1,365,261 |
| Total expenses | 297,667 | 761,295 | 848,996 | 1,621,963 |
| Loss from operations | (271,760) | (757,292) | (788,102) | (1,706,548) |
| Non-operating revenue/(expense) | ||||
| Interest expense | (112,097) | (181,109) | (224,519) | (405,930) |
| Unrealized gain (loss) on change in fair value of derivative liabilities | 2,212,006 | (18,570) | 2,090,356 | (18,570) |
| Net loss before income taxes | 1,828,149 | (956,971) | 1,077,735 | (2,131,048) |
| Income taxes (credits) | 0 | (103,971) | 1,875 | (103,471) |
| Net income (loss) | 1,828,149 | (853,000) | 1,075,860 | (2,027,577) |
| Less preferred stock dividends | (54,269) | 0 | (54,269) | 0 |
| Net Income (loss) available to common shareholders | $ 1,773,880 | $ (853,000) | $ 1,021,591 | $ (2,027,577) |
| Net income (loss) per common share - basic | $ 0.09 | $ (0.07) | $ 0.05 | $ (0.16) |
| Weighted average number of common shares outstanding - basic | 20,003,281 | 12,918,138 | 19,247,686 | 12,797,517 |
| Net income (loss) per common share - diluted | $ 0.06 | $ (0.07) | $ 0.04 | $ (0.16) |
| Weighted average number of common shares outstanding - diluted | 29,911,001 | 12,918,138 | 23,065,044 | 12,797,517 |
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
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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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
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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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
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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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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