Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.6
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Statements Of Operations [Abstract]    
Sales $ 4,018,351 $ 3,940,323
Cost of sales 2,715,060 2,509,921
Gross Profit 1,303,291 1,430,402
Selling, general and administrative 3,468,423 3,257,091
Loss from Operations (2,165,132) (1,826,689)
Other Income (Expense)    
Gain on settlement of contingent consideration    176,496
Impairment of intangible assets      
Interest income 166 2,244
Amortization of debt discount    (753,934)
Amortization of deferred financing fees (74) (4,368)
Loss on extinguishment of debt    (142,925)
Loss on settlement of liabilities    (8,975)
Interest expense (143,005) (245,496)
Total Other (Expense) (142,913) (976,958)
Loss before provision for income taxes (2,308,045) (2,803,647)
Provision for income taxes      
Net Loss (2,308,045) (2,803,647)
Preferred Stock Dividend (50,000) (50,000)
Net Loss Available to Common Shareholders $ (2,358,045) $ (2,853,647)
Loss per Share - Basic and Diluted $ (0.08) $ (0.13)
Weighted Average Number of Shares - Basic and Diluted 30,194,221 21,690,051