Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
Sales $ 1,526,075 $ 1,866,685
Cost of sales (1,760,451) (2,225,813)
Gross loss (234,376) (359,128)
Operating Expenses    
Selling and marketing 154,626 220,019
General and administrative 6,107,016 5,306,383
Depreciation and amortization 64,853 224,282
Total operating expenses 6,326,495 5,750,684
Loss from Operations (6,560,871) (6,109,812)
Other Expenses    
Interest expense, net 207,913 319,748
Common stock price modification 941,530
Warrant modification expenses 89,549
Total other expenses 1,238,992 319,748
Loss from Continuing Operations (7,799,863) (6,429,560)
Loss from Discontinued Operations (2,242,278) (1,849,404)
Net Loss $ (10,042,141) $ (8,278,964)
Net loss per basic and diluted common share:    
Loss from continuing operations $ (0.19) $ (0.17)
Loss from discontinued operations (0.06) (0.05)
Net loss per common share $ (0.24) $ (0.22)
Weighted Average Number of Common Shares Outstanding:    
Basic and Diluted 41,078,655 37,681,332