Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
 3 Months Ended 9 Months Ended 45 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Income Statement [Abstract]          
Revenues $ 270,940 $ 266,480 $ 356,480 $ 266,480 $ 1,128,585
Costs and expenses:          
Cost of goods sold 105,474 318,750 172,487 318,750 616,412
Operating expenses 96,890 165,595 136,538 221,207 633,639
License maintenance fees 50,000 37,500 150,000 112,500 450,000
Marketing and development 202,400 66,616 325,714 261,944 1,215,594
Selling, general and administrative expenses 503,436 217,665 1,130,329 321,665 5,164,623
Depreciation and amortization 94,321 5,323 325,669 15,969 325,669
Professional fees 291,171 145,070 636,216 630,548 1,607,542
Loss on disposal of fixed assets 19,504    19,504   19,504
Impairment of fixed assets       400,000    400,000
Impairment of goodwill          3,555,304 3,555,304
Total costs and expenses 1,363,196 956,519 3,296,457 5,437,887 13,988,287
Operating loss (1,092,256) (690,039) (2,939,977) (5,171,407) (12,859,702)
Other expense          
Interest income (expense) (74,029) (24,452) (161,903) (42,287) (216,160)
Total other expense (74,029) (24,452) (161,903) (42,287) (216,160)
Net loss from continuing operations $ (1,166,285) $ (714,491) $ (3,101,880) $ (5,213,694) $ (13,075,862)
Net loss from discontinued operations $ (2,118) $ (2,419) $ (3,086) $ (23,269) $ (28,535)
Net Loss $ (1,168,403) $ (716,910) $ (3,104,966) $ (5,236,963) $ (13,104,397)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED:          
Continuing operations $ (0.04) $ (0.02) $ (0.09) $ (0.18)  
Discontined operations              
Total $ (0.04) $ (0.02) $ (0.09) $ (0.18)  
Weighted average common shares outstanding 33,239,878 30,579,214 33,101,779 28,462,787