• Filing Date: 2014-04-14
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenues [Abstract]    
REVENUES $ 1,726,392 $ 1,173,544
COST OF GOODS SOLD 792,774 798,532
GROSS PROFIT 933,618 375,012
GENERAL AND ADMINISTRATIVE EXPENSES:    
General and Administrative Expenses 3,810,350 5,705,281
Depreciation / Amortization 51,663 61,172
Bad Debt Expense    27,044
INCOME (LOSS) FROM CONTINUING OPERATIONS: (2,928,395) (5,418,485)
OTHER INCOME (EXPENSES):    
Gain (Loss) from Joint Venture    (27,137)
Change in fair value of Derivative Liability 365,496 4,651,061
Other Income 201,976   
Interest Income    166,538
Interest Expense (1,725,553) (286,620)
Debt related Expense (61,612) (930,680)
NET LOSS (4,148,088) (1,845,323)
Series C Preferred Stock Dividends (6,271)   
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (4,154,359) $ (1,845,323)
Basic and diluted loss per share of common stock $ (0.05) $ (0.03)
Weighted average number of common shares outstanding 77,710,685 62,838,381