XML 57 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net revenues        
Net revenues $ 467,930 $ 549,054 $ 761,995 $ 781,373
Net revenues - related parties 243,283 316,070 413,726 672,135
Total net revenues 711,213 865,124 1,175,721 1,453,508
Cost of net revenues        
Cost of net revenues 458,499 544,472 805,772 996,318
Royalties expense - related parties 17,101 20,411 28,420 33,637
Total cost of net revenues 475,600 564,883 834,192 1,029,955
Gross profit 235,613 300,241 341,529 423,553
Operating expenses        
Selling, general and administrative 167,078 157,745 331,531 337,712
Research and development costs 21 1,200 7,809 1,579
Total operating expenses 167,099 158,945 339,340 339,291
Income from operations 68,514 141,296 2,189 84,262
Other (income) expense, net        
Other (income) expense, net (1,755) 39,342 2,231 2,604
Interest expense 9,254 11,700 18,532 25,252
Interest expense - related parties 203 4,506 203 9,013
Total other (income) expense, net 7,702 55,548 20,966 36,869
Net income (loss) before provision for income taxes 60,812 85,748 (18,777) 47,393
Provision for income tax expense 43 0 43 44
Net income (loss) $ 60,769 $ 85,748 $ (18,820) $ 47,349
Basic income (loss) per common share (in dollars per share) $ 0.00 $ 0.01 $ (0.00) $ 0.00
Diluted income (loss) per common share (in dollars per share) $ 0.00 $ 0.00 $ (0.00) $ 0.00
Basic weighted average common shares outstanding (in shares) 73,202,855 14,097,417 70,276,729 10,665,857
Diluted weighted average common shares outstanding (in shares) 116,874,166 69,028,500 70,276,729 65,596,941