XML 67 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
Income Statement [Abstract]    
Revenues $ 189,048,226 $ 141,857,914
Cost of goods sold 197,975,173 137,216,040
Gross profit/(loss) (8,926,947) 4,641,874
Research and development expenses 620,368 576,625
Selling, general and administrative expenses 11,613,357 8,570,591
Operating loss (21,160,672) (4,505,342)
Other income/(expense)    
Interest income 4,976 23,436
Interest expense (17,657,915) (13,561,285)
Other income/(expenses) (167,275) 52,960
Gain on acquisition bargain purchase 42,335,876 0
Loss on debt extinguishment (9,068,868) 0
Gain/(loss) on sale of assets 350,356 (401,407)
Loss before income taxes (5,363,522) (18,391,638)
Income tax benefit/(expense) 1,081,257 95,279
Net loss (4,282,265) (18,296,359)
Other comprehensive loss    
Foreign currency translation adjustment (74,531) (1,372,441)
Comprehensive loss $ (4,356,796) $ (19,668,800)
Loss per common share    
Basic and diluted $ (0.03) $ (0.18)
Weighted average shares outstanding    
Basic and diluted 151,023,977 103,536,643