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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) (USD $) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012
Income Statement [Abstract] |  |  |  |
Revenues |  | $ 71,666 | $ 71,667 | $ 231,208
Cost of revenues |  | 6,451 |  | 234,953
Gross profit/(loss) |  | 65,215 | 71,667 | (3,745)
Operating expenses |  |  |  |
General and administrative | 637,813 | 1,299,808 | 1,426,964 | 2,762,495
Impairment of intangible assets | 1,935,621 |  | 1,935,621 |
Warrants, options and stock | 2,284,185 | 193,917 | 3,607,283 | 434,153
Fair value of common stock exchanged for warrants | 3,069,792 |  | 3,069,792 |
Legal and professional services | 290,603 | 1,004,285 | 433,706 | 1,574,690
Depreciation and amortization | 7,946 | 9,878 | 17,098 | 19,758
Total operating expenses | 8,225,960 | 2,507,888 | 10,490,464 | 4,791,096
Loss from operations | (8,225,960) | (2,442,673) | (10,418,797) | (4,794,841)
Other (income)/expenses |  |  |  |
(Gain)/loss on adjustments to fair value of derivative liability | (9,216,927) | 17,915,403 | (8,980,077) | 15,867,998
Gain on extinguishment of derivative liability | (1,409,530) |  | (1,409,530) |
Other (income)/expense | (490) | 760,696 | (3,054) | 760,696
Interest expense | 61,249 | 49,712 | 117,585 | 52,118
Total other (income)/expenses | (10,565,698) | 18,725,811 | (10,275,076) | 16,680,812
Net income/(loss) | 2,339,738 | (21,168,484) | (143,721) | (21,475,653)
Net loss attributed to non-controlling interests | 7,752 | 16,196 | 14,431 | 24,730
Net income/(loss) attributed to Stratus Media Group | 2,347,490 | (21,152,288) | (129,290) | (21,450,923)
Preferred dividends | $ 47,250 | $ 121,505 | $ 171,625 | $ 245,673
Net income/(loss) attributable to Stratus Media Group common shareholders | $ 2,300,240 | $ (21,273,793) | $ (300,915) | $ (21,696,596)
Basic and diluted earnings/(loss) per share | $ 0.01 | $ (0.24) | $ 0.00 | $ (0.24)
Basic weighted average shares outstanding | 286,226,431 | 88,182,285 | 188,548,492 | 88,953,297
Fully-diluted weighted average shares outstanding | 286,226,431 | 116,348,952 | 188,548,492 | 117,119,964

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