XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations and Comprehensive Loss (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue        
Printing $ 692,554 $ 831,468 $ 2,214,297 $ 2,342,463
Packaging 2,188,331 1,575,948 5,858,176 3,795,599
Plastic IDs and cards 774,297 757,489 2,253,667 2,087,196
Licensing and digital solutions 508,941 451,254 1,340,192 951,669
Total revenue 4,164,123 3,616,159 11,666,332 9,176,927
Costs of revenue        
Printing 428,912 698,715 1,568,132 2,082,810
Packaging 1,639,735 1,124,973 4,470,834 2,762,941
Plastic IDs and cards 433,271 453,932 1,262,984 1,231,079
Licensing and digital solutions 138,719 67,778 255,731 86,877
Total costs of revenue 2,640,637 2,345,398 7,557,681 6,163,707
Gross profit 1,523,486 1,270,761 4,108,651 3,013,220
Operating expenses:        
Selling, general and administrative 2,302,695 1,976,913 6,060,627 5,212,788
Research and development 173,833 83,387 544,966 208,498
Amortization of intangibles 76,026 71,376 228,078 205,416
Operating expenses 2,552,554 2,131,676 6,833,671 5,626,702
Operating loss (1,029,068) (860,915) (2,725,020) (2,613,482)
Other income (expense):        
Change in fair value of derivative liability          360,922
Interest expense (51,387) (60,531) (176,992) (169,711)
Amortizaton of note discount (11,058)    (248,758)   
Loss before income taxes (1,091,513) (921,446) (3,150,770) (2,422,271)
Income tax (benefit) expense, net 4,737 (164,394) 14,211 (154,920)
Net loss (1,096,250) (757,052) (3,164,981) (2,267,351)
Other comprehensive loss:        
Interest rate swap (loss) gain (5,179)    (27,671) 3,678
Comprehensive loss $ (1,101,429) $ (757,052) $ (3,192,652) $ (2,263,673)
Net loss per share -basic and diluted: $ (0.05) $ (0.04) $ (0.15) $ (0.12)
Weighted average common shares outstanding, basic and diluted 20,822,351 19,474,173 20,536,448 19,435,930