• Filing Date: 2015-04-09
  • Form Type: 10-K
  • Description: Annual report
v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues [Abstract]    
REVENUES $ 2,632,643us-gaap_Revenues $ 1,726,392us-gaap_Revenues
COST OF GOODS SOLD 803,631us-gaap_CostOfGoodsSold 792,774us-gaap_CostOfGoodsSold
GROSS PROFIT 1,829,012us-gaap_GrossProfit 933,618us-gaap_GrossProfit
GENERAL AND ADMINISTRATIVE EXPENSES:    
General and Administrative Expenses 3,835,095us-gaap_GeneralAndAdministrativeExpense 3,810,350us-gaap_GeneralAndAdministrativeExpense
Depreciation / Amortization 56,446us-gaap_DepreciationAndAmortization 51,663us-gaap_DepreciationAndAmortization
LOSS FROM OPERATIONS (2,062,529)us-gaap_IncomeLossFromContinuingOperations (2,928,395)us-gaap_IncomeLossFromContinuingOperations
OTHER INCOME (EXPENSES):    
Change in fair value of Derivative Liability 78,145us-gaap_DerivativeGainLossOnDerivativeNet 365,496us-gaap_DerivativeGainLossOnDerivativeNet
Other Income 0us-gaap_OtherIncome 201,976us-gaap_OtherIncome
Interest Income 103us-gaap_InvestmentIncomeInterest 0us-gaap_InvestmentIncomeInterest
Interest Expense (293,896)us-gaap_InterestExpense (1,725,553)us-gaap_InterestExpense
Debt related Expense 0fil_DebtRelatedExpense (61,612)fil_DebtRelatedExpense
NET LOSS (2,278,177)us-gaap_NetIncomeLoss (4,148,088)us-gaap_NetIncomeLoss
Series C Preferred Stock Dividends (233,792)fil_SeriesCPreferredStockDividends (6,271)fil_SeriesCPreferredStockDividends
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (2,511,969)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (4,154,359)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic and diluted loss per share of common stock $ (0.03)us-gaap_EarningsPerShareBasicAndDiluted $ (0.05)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of common shares outstanding 87,943,837us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 77,710,685us-gaap_WeightedAverageNumberOfSharesOutstandingBasic