v2.3.0.11
Statements of Operations (USD $)
3 Months Ended 6 Months Ended 53 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Sales $ 107,535   $ 190,035   $ 330,742
Expenses:          
Payroll and payroll taxes 715,762 311,202 1,341,169 588,428 3,990,867
Employee benefits 68,086 23,782 133,938 46,114 408,666
Stock based compensation 866,581 362,971 1,199,361 362,971 2,654,080
Batteries and motors and supplies 338,816 69,407 750,856 216,146 2,114,038
Legal and professional 111,729 98,051 281,275 222,467 1,165,280
Advertising 81,861 1,788 169,389 39,079 712,729
Consulting 125,140 75,401 226,146 190,663 510,697
Engineering temporary labor 2,274 64,720 18,855 138,217 242,870
Travel and entertainment 76,273 42,790 110,807 54,450 297,315
Depreciation 16,180 9,885 27,922 18,846 199,263
Rent 28,200 25,500 56,250 49,585 219,785
Insurance 37,015 22,044 64,674 39,293 193,397
Facilities, repairs & maintenance 20,291 5,269 33,099 16,744 112,749
Utilities 5,365 5,245 14,834 15,485 77,881
Interest and bank fees 1,244 4,512 2,532 8,737 18,387
Loss on sale of assets   680   8,543 5,446
Other 23,509 3,086 32,676 4,217 74,098
Operating Expenses, Total 2,518,326 1,126,333 (4,463,783) 2,019,985 12,997,548
Net loss during the development stage $ (2,410,791) $ (1,126,333) $ (4,273,748) $ (2,019,985) $ (12,666,806)
Basic and diluted loss per share (in dollars per share) $ (0.07) $ (0.06) $ (0.14) $ (0.11) $ (0.63)
Weighted average number of common shares outstanding (in shares) 32,192,843 20,284,819 30,235,598 19,067,113 20,188,782