XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]    
REVENUE $ 8,572,799 $ 7,923,976
COST OF SALES 6,717,192 6,344,247
GROSS PROFIT 1,855,607 1,579,729
RESEARCH AND DEVELOPMENT EXPENSES 1,169,281 176,944
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 4,580,653 3,624,711
OPERATING LOSS (3,894,327) (2,221,926)
OTHER INCOME (EXPENSE)    
Interest expense (173,248) (463,735)
Other income 31,881 36,597
Loss on change - derivative liability warrants (1,448,710) 0
Loss on purchase of warrants and additional investment right (1,150,000) (500,000)
Gain on extinguishment of debt 0 394,057
Total other expense (2,740,077) (533,081)
LOSS BEFORE INCOME TAXES (6,634,404) (2,755,007)
Income taxes - current benefit (29,773) (29,315)
NET LOSS (6,604,631) (2,725,692)
NONCONTROLLING INTEREST 17,263 6,206
NET (LOSS) ATTRIBUTABLE TO VISUALANT, INC. AND SUBSIDIARIES COMMON SHAREHOLDERS $ (6,621,894) $ (2,731,898)
Basic and diluted (loss) per common share attributable to Visualant, Inc. and subsidiaries common shareholders-    
Basic and diluted (loss) per share $ (0.05) $ (0.04)
Weighted average shares of common stock outstanding- basic and diluted 122,934,436 65,557,376