XML 49 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Consolidated Statement Of Operations        
Sales, net $ 739,934 $ 416,455 $ 1,416,320 $ 689,484
Cost of Sales 275,968 138,140 554,444 251,986
Gross Profit 463,966 278,315 861,876 437,498
Operating Expenses:        
Professional Fees 87,773 76,995 194,805 190,825
Depreciation and Amortization 123,957 112,388 249,210 224,294
Selling Expenses 97,091 115,707 191,826 177,155
Research and Development 19,667 65,851 41,857 97,142
Equity Compensation Expense (Note 8) 1,385,743 263,173 1,510,830 1,405,522
Consulting fees 338,233 25,750 414,542 84,153
General and Administrative 270,272 342,697 541,586 544,342
Total Operating Expenses 2,322,737 1,002,561 3,144,657 2,723,433
Loss from Operations (1,858,770) (724,246) (2,282,780) (2,285,935)
Other Income (Expense):        
Amortization of Deferred Financing Costs (115,175) (85,388) (199,625) (169,838)
Amortization of Debt Discounts (3,032,685) (142,487) (3,996,033) (217,455)
Fair Value Adjustment of Derivative Liability (1,137,807) $ 1,494,832 (3,810,955) $ 3,246,137
Induced Conversion Costs (930,383)   (930,383)  
Interest Expense (126,850) $ (126,850) (253,700) $ (254,256)
Total Other Income (Expense) (5,342,899) 1,140,107 (9,190,695) 2,604,588
Net Income (Loss) $ (7,201,669) $ 415,861 $ (11,473,475) $ 318,653
Net Income (Loss) Per Common Share        
Basic $ (0.08) $ 0.01 $ (0.13) $ 0.00
Diluted $ (0.08) $ 0.00 $ (0.13) $ 0.00
Basic Weighted Average Common Shares Outstanding 87,767,261 80,225,890 85,828,777 80,186,585
Diluted Weighted Average Common Shares Outstanding 87,767,261 126,938,242 85,828,777 124,740,705