XML 37 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Gross Sales $ 16,961,830 $ 9,120,927 $ 41,405,032 $ 26,287,892
Less sales returns, discounts, & allowances (250,491) (36,465) (460,108) (147,024)
Total Revenues 16,711,339 9,084,462 40,944,924 26,140,868
Cost of goods sold        
Cost of goods sold $ 13,523,544 7,072,614 $ 32,031,714 20,086,597
Cost of goods sold, related party 347,261 1,041,784
Cost of goods sold, related party $ 13,523,544 7,419,875 $ 32,031,714 21,128,381
Gross Profit 3,187,795 1,664,587 8,913,210 5,012,487
Operating expenses        
General and administrative 597,269 222,857 2,507,423 723,447
Salary and employee benefits 1,704,989 1,252,445 5,137,962 3,895,458
Depreciation and amortization 24,052 7,067 69,916 17,889
Stock compensation 131,940 54,130 336,896 84,215
Professional fees 92,359 110,005 288,922 377,769
Total operating expenses 2,550,609 1,646,504 8,341,119 5,098,778
Income (loss) from operations $ 637,186 18,083 $ 572,091 (86,291)
Other income (expenses):        
Gain on debt settlement $ 29,999 181,948
Loss on license settlement (93,578)
Loss on note receivable settlement (18,995)
Interest expense $ (274,349) $ (375) $ (1,012,415) (1,375)
Other income (39,981) $ 15,079 55,709 $ 65,294
Gain on intangible license settlement 374,500 374,500
Total other income (expenses) 60,170 $ 44,703 (582,206) $ 133,294
Net income (loss) $ 697,356 $ 62,786 $ (10,115) $ 47,003
Net income (loss) per share - basic $ 0.02 $ 0 $ (0.00) $ 0
Net income (loss) per share - diluted $ 0.02 $ 0 $ (0.00) $ 0
Weighted average number of common shares outstanding - basic 36,637,523 33,660,416 35,702,188 33,334,616
Weighted average number of common shares outstanding - diluted 39,630,570 50,445,416 39,630,570 50,119,616