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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Printing $ 789,232 $ 1,172,102 $ 1,510,996 $ 2,432,184
Packaging 1,183,249 1,329,955 2,219,651 2,070,580
Plastic IDs and cards 636,727 655,899 1,329,706 1,257,593
Licensing and digital solutions 266,319 167,516 500,415 339,845
Total Revenue 2,875,527 3,325,472 5,560,768 6,100,202
Costs of revenue        
Printing 754,032 1,003,954 1,384,095 1,955,934
Packaging 919,681 1,058,072 1,637,968 1,617,181
Plastic IDs and cards 374,718 385,510 777,147 797,652
Licensing and digital solutions 19,099   19,099 5,476
Total costs of revenue 2,067,530 2,447,536 3,818,309 4,376,243
Gross profit 807,997 877,936 1,742,459 1,723,959
Operating expenses:        
Selling, general and administrative 1,720,621 1,474,113 3,235,875 3,109,564
Research and development 73,818 66,688 125,111 132,355
Amortization of intangibles 62,076 183,801 134,040 430,200
Operating expenses 1,856,515 1,724,602 3,495,026 3,672,119
Operating loss (1,048,518) (846,666) (1,752,567) (1,948,160)
Other income (expense):        
Change in fair value of derivative liability     360,922  
Interest expense (59,225) (84,407) (109,179) (149,510)
Loss on equity investment   (20,000)   (71,679)
Amortizaton of note discount   (40,732)   (81,464)
Other income       143,063
Loss before income taxes (1,107,743) (991,805) (1,500,824) (2,107,750)
Income tax expense 4,737 4,737 9,474 9,475
Net loss (1,112,480) (996,542) (1,510,298) (2,117,225)
Other comprehensive income (loss):        
Interest rate swap income (loss)   (9,559) 3,678 (25,834)
Comprehensive Loss $ (1,112,480) $ (1,006,101) $ (1,506,620) $ (2,143,059)
Net loss per share -basic and diluted: $ (0.06) $ (0.06) $ (0.08) $ (0.12)
Weighted average common shares outstanding, basic and diluted 19,420,780 17,769,726 19,416,786 17,390,570