XML 13 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
Net sales$ 2,277,074$ 1,885,600$ 6,321,495$ 5,359,907
Cost of sales1,518,3101,257,9544,414,4023,847,716
Gross profit758,764627,6461,907,0931,512,191
Operating expenses:    
Administrative and general1,280,183801,3515,124,8833,180,412
Selling and marketing401,82655,007824,771197,276
Research and development570,197588,1471,793,5962,090,212
Depreciation and amortization169,592190,846517,751575,856
Total operating expenses2,421,7981,635,3518,261,0016,043,756
Total operating loss(1,663,034)(1,007,705)(6,353,908)(4,531,565)
Other income (expense):    
Interest income338 2,3243,295
Interest expense(176,047)(3,531,090)(745,925)(7,379,794)
Gain (loss) on derivative valuation5,851,300(1,044,993)12,257,500240,100
Equity issuance costs related to warrants  (476,234) 
Loss on extinguishment of debt16,000 (954,033) 
Loss on sale of securities   (49,264)
Loss on sale of assets  (362) 
Other income (expense), net5,59759,12115167,870
Total other income (expense)5,697,188(4,516,962)10,083,421(7,117,793)
Profit (loss) before income taxes4,034,154(5,524,667)3,729,513(11,649,358)
Provision for income taxes    
Net profit (loss)$ 4,034,154$ (5,524,667)$ 3,729,513$ (11,649,358)
Net profit (loss) per share - basic$ 0.05$ (0.13)$ 0.05$ (0.28)
Net profit (loss) per share - diluted$ 0.05$ (0.13)$ 0.05$ (0.28)
Weighted average shares - basic75,229,25443,098,80075,240,31341,402,000
Weighted average shares - diluted78,414,45343,098,80077,970,21641,402,000