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Condensed Consolidated Statements of Operations (USD $)
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3 Months Ended | 161 Months Ended | |
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Mar. 31, 2012
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Mar. 31, 2011
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Mar. 31, 2012
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| Revenue | |||
| Sales | $ 2,994,931 | ||
| Cost of sales | 3,325,639 | ||
| Gross Loss | (330,708) | ||
| Operating Expenses | |||
| Depreciation | 52,694 | ||
| Selling, general and administration | 155,824 | 115,860 | 12,650,979 |
| Market development | 42,562 | 3,381 | 728,077 |
| Product development costs | 122,075 | 59,700 | 3,546,090 |
| Professional fees | 40,343 | 82,410 | 1,930,748 |
| Total Operating Expenses | 360,804 | 261,351 | 18,908,588 |
| Operating Loss | (360,804) | (261,351) | (19,239,296) |
| Other Expenses (Income) | |||
| Interest expenses | 482,689 | 1,703,954 | 18,793,515 |
| Write down of equipment | 36,623 | ||
| Other expenses (income) | (40,228) | 466 | 265,895 |
| Total Other Expenses | 442,461 | 1,704,420 | 19,096,033 |
| Net Loss | $ (803,265) | $ (1,965,771) | $ (38,335,329) |
| Loss per share, basic and diluted (in Dollars per share) | $ 0.00 | $ 0.01 | |
| Weighted average shares outstanding, - basic and diluted (in Shares) | 213,977,909 | 213,558,731 | |
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. No definition available.
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Total costs of sales and operating expenses for the period. No definition available.
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The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. No definition available.
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. No definition available.
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The cost of borrowed funds accounted for as interest that was charged against earnings during the period. No definition available.
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Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions. No definition available.
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. No definition available.
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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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Amount of general expenses not normally included in Other Operating Costs and Expenses. No definition available.
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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. No definition available.
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. No definition available.
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Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. No definition available.
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The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. No definition available.
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- Definition
This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic). No definition available.
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