XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Revenues $ 56,687,910 $ 53,408,202 $ 123,460,633 $ 141,883,844
Cost of goods sold 53,652,334 55,670,850 116,427,076 148,425,944
Gross profit/(loss) 3,035,576 (2,262,648) 7,033,557 (6,542,100)
Research and development expenses 115,099 142,498 467,680 483,819
Selling, general and administrative expenses 3,878,786 2,551,415 12,077,876 6,926,751
Operating loss (958,309) (4,956,561) (5,511,999) (13,952,670)
Other income/(expense)        
Interest rate expense (2,912,537) (1,441,708) (8,351,789) (6,687,929)
Amortization expense (2,039,834) (1,935,088) (10,529,684) (5,958,831)
Loss on debt extinguishment (2,520,866) (11,385,468) (3,708,537) (11,385,468)
Interest income 7,974 348 9,746 2,536
Gain on bargain purchase    40,332,333    40,332,333
Gain on sale of assets 107,759    281,693 236,830
Other income/(expense) 27,032 54,219 120,926 (27,139)
Income (loss) before income taxes (8,288,781) 20,668,075 (27,689,644) 2,559,662
Income tax expense       (5,600) (4,000)
Net income/(loss) (8,288,781) 20,668,075 (27,695,244) 2,555,662
Other comprehensive income/(loss)        
Foreign currency translation adjustment (274,988) 336,285 (675,304) 109,308
Comprehensive income/ (loss) $ (8,563,769) $ 21,004,360 $ (28,370,548) $ 2,664,970
Net income/(loss) per common share        
Basic $ (0.04) $ 0.12 $ (0.15) $ 0.02
Diluted $ (0.04) $ 0.12 $ (0.15) $ 0.02
Weighted average shares outstanding        
Basic 193,901,845 168,583,985 188,633,748 144,405,805
Diluted 193,901,845 176,559,067 188,633,748 147,065,379