Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Sales $ 2,008,145 $ 2,114,912
Cost of sales (2,225,813) (2,127,086)
Gross loss (217,668) (12,174)
Operating Expenses    
Selling and marketing 246,432 335,754
General and administrative 7,270,721 7,910,767
Depreciation and amortization 224,580 279,082
Total operating expenses 7,741,733 8,525,603
Loss from Operations (7,959,401) (8,537,777)
Other Expenses    
Interest expense, net 319,563 305,524
Loss on extinguishment of convertible debt 0 220,126
Total other expenses 319,563 525,650
Net Loss (8,278,964) (9,063,427)
Cumulative preferred stock dividends 0 (672,766)
Net Loss Attributable to Common Stockholders $ (8,278,964) $ (9,736,193)
Net Loss Per Share Attributable to Common Stockholders:    
Basic and Diluted (in dollars per share) $ (0.22) $ (0.34)
Weighted Average Number of Common Shares Outstanding:    
Basic and Diluted (in shares) 37,681,332 28,697,949