XML 34 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUE        
Equipment Sales $ 780,886 $ 305,489 $ 1,922,104 $ 707,505
Service Revenue 41,978 162,966 187,229 465,604
Other Revenue 510 20,554 15,425 42,026
TOTAL REVENUE 823,374 489,009 2,124,758 1,215,135
COST OF REVENUE 633,926 397,173 1,627,478 921,574
GROSS PROFIT 189,448 91,836 497,280 293,561
OPERATING EXPENSES 854,600 1,220,132 2,838,326 4,278,944
LOSS FROM OPERATIONS (665,152) (1,128,296) (2,341,046) (3,985,383)
OTHER INCOME (EXPENSE)        
Foreign Currency Gain 1,097 1,226 10,223 11,935
Gain on Derivatives and Debt Conversion 8,792 $ 59,443 51,383 $ 101,444
Gain (Loss) on Disposal of Assets 4,642 (24,812)
Interest Income 6,062 $ 6,365 19,739 $ 8,242
Interest Expense (309,267) (140,075) (376,193) (316,028)
Total Other Income (Expense) (288,674) (73,041) (319,660) (194,407)
LOSS BEFORE INCOME TAXES (953,826) (1,201,337) (2,660,706) (4,179,790)
BENEFIT (PROVISION) FOR INCOME TAXES 120 (38) (12,733) (15,917)
NET LOSS $ (953,706) $ (1,201,375) $ (2,673,439) $ (4,195,707)
BASIC AND DILUTED LOSS PER SHARE $ (0.03) $ (0.04) $ (0.10) $ (0.16)
WEIGHTED AVERAGE SHARES 27,683,644 27,308,357 27,458,942 26,968,884