XML 44 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Loss (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue    
Printed products $ 3,163,500 $ 3,279,343
Technology sales, services and licensing 464,231 491,111
Total revenue 3,627,731 3,770,454
Costs and expenses    
Cost of goods sold, exclusive of depreciation and amortization 2,198,262 2,208,101
Selling, general and administrative, (including stock based compensation of $547,142 and $340,601, respectively). 3,057,778 2,409,055
Depreciation and amortization 1,313,371 225,121
Total costs and expenses 6,569,411 4,842,277
Operating loss (2,941,680) (1,071,823)
Other expense:    
Interest expense (74,950) (43,967)
Amortization of note discount (17,367) (11,058)
Foreign currency translation loss (16,420)   
Loss before income taxes (3,050,417) (1,126,848)
Income tax expense 4,737 4,737
Net loss (3,055,154) (1,131,585)
Other comprehensive loss:    
Interest rate swap (loss) gain (9,943) 19,169
Comprehensive loss $ (3,065,097) $ (1,112,416)
Earnings per share:    
Basic $ (0.07) $ (0.05)
Diluted $ (0.07) $ (0.05)
Shares used in computing earnings per share:    
Basic 41,923,987 21,708,550
Diluted 41,923,987 21,708,550