XML 45 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue:        
SG Block sales $ 482,893 $ 705,474 $ 904,843 $ 2,523,599
Engineering services 523,959    594,754 4,190
Project management 76,203 64,894 107,473 64,894
Total revenue 1,083,055 770,368 1,607,070 2,592,683
Cost of revenue:        
SG Block sales 349,974 502,971 686,769 2,178,696
Engineering services 430,522    503,650 713
Project management 77,476 37,904 97,459 37,904
Total cost of revenue 277,276 211,544 1,287,878 2,217,313
Gross profit 225,083 229,493 319,192 375,370
Operating expenses:        
Payroll and related expenses 387,417 223,803 714,890 468,597
General and administrative expenses 279,152 226,273 536,018 311,537
Marketing and business development expense 33,100 101,802 53,059 165,600
Pre-project expenses 12,431 27,042 22,393 45,165
Total 712,100 578,920 1,326,360 990,899
Operating loss (487,017) (349,427) (1,007,168) (615,529)
Other income (expense):        
Interest expense (2,043) (1,017) (4,087) (2,034)
Interest income 41 27 68 27
Change in fair value of warrant liabilities 22,618 1,929 33,064 1,929
Cancellation of trade liabilities and unpaid interest 8,294 13,000 31,447 30,498
Other income       25,000   
Total 28,910 13,939 85,492 30,420
Loss before income taxes (458,107) (335,488) (921,676) (585,109)
Income tax expense 9,091    9,091   
Net loss (467,198) (335,488) (930,767) (585,109)
Comprehensive loss        
Foreign currency translation adjustment (607)    (634)   
Total comprehensive loss $ (467,805) $ (335,488) $ (931,401) $ (585,109)
Net loss per share - basic and diluted:        
Basic and diluted $ (0.01) $ (0.01) $ (0.02) $ (0.02)
Weighted average shares outstanding:        
Basic and diluted 41,570,600 35,291,626 40,709,019 33,538,768