Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations

v2.4.0.8
Condensed Consolidated Statements Of Operations (USD $)
 12 Months Ended 60 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Condensed Consolidated Statements Of Operations      
Revenues $ 1,668,472 $ 788,072 $ 3,228,649
Costs and expenses:      
Cost of goods sold 370,635 233,120 1,047,680
Operating expenses 886,949 263,143 1,647,193
License maintenance fees 1,075,000 200,000 1,575,000
Marketing and development 338,379 413,816 1,642,075
Selling, general and administrative expenses 2,477,913 1,655,114 8,144,071
Depreciation and amortization 176,394 417,735 617,379
Professional fees 565,851 782,121 2,319,298
Impairment of fixed assets    800,000 800,000
Impairment of goodwill       3,555,304
Total costs and expenses 5,891,121 4,765,049 21,348,000
Operating loss (4,222,649) (3,976,977) (18,119,351)
Other income (expense)      
Interest expense (711,647) (261,534) (1,027,438)
Loss on disposal of fixed assets    (19,504) (19,504)
Gain on forgiveness of liabilities 80,656 280,000 360,656
Total other income (expense) (630,991) (1,038) (686,286)
Net loss from continuing operations (4,853,640) (3,978,015) (18,805,637)
Net gain (loss) from discontinued operations    99,966 74,517
Net Loss $ (4,853,640) $ (3,878,049) $ (18,731,120)
Net loss per common share - basic and diluted:      
Continuing operations $ (0.14) $ (0.12)  
Discontined operations        
Total $ (0.14) $ (0.12)  
Weighted average common shares outstanding 34,283,631 33,136,492