XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 282,676 $ 108,685 $ 594,237 $ 314,146
Cost of revenue 311,519 321,755 904,091 1,178,388
Gross Loss (28,843) (213,070) (309,854) (864,242)
Operating expenses:        
Selling and marketing 192,881 171,594 510,448 747,990
Research and development 85,192 92,857 255,805 293,877
General and administrative 602,041 (27,278) 1,894,964 4,161,269
Amortization and depreciation 150,328 128,381 428,701 396,269
Total operating expenses 1,030,442 365,554 3,089,918 5,599,405
Operating loss (1,059,285) (578,624) (3,399,772) (6,463,647)
Other income (expense):        
Unrealized gain (loss) on derivative liabilities 351,055 0 (2,990,096) 0
Unrealized gain on marketable securities 900 0 0 0
Loss on settlement of debt 0 0 (1,664,281) 0
Other income 0 0 750 0
Interest income (expense) 266 81 (676,181) 3,345
Total other income (expense) 352,221 81 (5,329,808) 3,345
Net loss (707,064) (578,543) (8,729,580) (6,460,302)
Preferred stock dividend (20,000) 0 (60,000) (594,641)
Net loss available to common stockholders $ (727,064) $ (578,543) $ (8,789,580) $ (7,054,943)
Net loss per common share-basic and diluted (in dollars per share) $ (0.01) $ (0.01) $ (0.09) $ (0.09)
Weighted average common shares outstanding-basic and diluted (in shares) 107,382,344 81,800,488 95,840,596 80,007,507