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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Product sales $ 62,500 $ 311,220 $ 392,246 $ 2,138,276
Cost of product sales 45,220 122,120 195,791 978,874
Gross profit from product sales 17,280 189,100 196,455 1,159,402
Retained royalties 51,979 5,247 64,382 15,922
Gain on sale of rental assets       34,728
Investment income     1,497  
Other income 7,990 10,228 22,694 21,139
Total other revenue 59,969 15,655 88,573 71,789
Selling expenses 94,318 96,417 181,258 197,094
Personnel and consulting expenses 502,195 406,390 833,565 773,510
General and administrative expenses 423,726 996,844 976,105 1,513,482
Interest expense 12,782 10,374 22,295 19,990
Unrealized loss (gain) on derivative instrument (13,901) 29,559 8,883 32,510
Total Expenses 1,019,120 1,539,584 2,022,106 2,536,586
Income (loss) before income taxes (941,871) (1,334,829) (1,737,076) (1,305,395)
Net income (loss) $ (941,871) $ (1,334,829) $ (1,737,076) $ (1,305,395)
Basic income (loss) per share $ (0.06) $ (0.10) $ (0.12) $ (0.09)
Basic weighted average number of common shares outstanding: 14,691,180 13,747,028 14,802,436 13,862,274
Diluted income (loss) per share $ (0.06) $ (0.10) $ (0.12) $ (0.09)
Diluted weighted average number of common shares outstanding: 14,691,180 13,747,028 14,802,436 13,862,274