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, 2011
Dec. 31, 2010
Consolidated Statements Of Operations [Abstract]    
Revenues $ 8,987,848 $ 5,422,443
Cost of sales 7,075,063 4,059,756
Gross profit 1,912,785 1,362,687
Operating expenses:    
Selling, general and administrative 5,981,212 6,096,585
Research and development 833,876 943,606
Impairment expense 407,369  
Total operating expenses 7,222,457 7,040,191
Operating loss (5,309,672) (5,677,504)
Non-operating income (expense):    
Interest income 569 1,657
Debt extinguishment costs   (441,741)
Interest expense (126,731) (247,688)
Other income 10,920  
Total non-operating expense, net (115,242) (687,772)
Loss from continuing operations (5,424,914) (6,365,276)
Discontinued operations:    
Loss from discontinued operations (44,156) (1,646,194)
Net loss $ (5,469,070) $ (8,011,470)
Basic and diluted loss per common share:    
Continuing operations $ (0.33) $ (0.39)
Discontinued operations $ 0.00 $ (0.10)
Net loss $ (0.33) $ (0.49)
Basic and diluted weighted average shares outstanding 16,405,789 16,244,352