Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Sales $ 458,379 $ 880,491 $ 1,008,764 $ 1,533,788
Cost of sales (595,041) (901,566) (1,102,959) (1,481,283)
Gross profit (loss) (136,662) (21,075) (94,195) 52,505
Operating Expenses        
Selling and marketing 138,371 71,384 199,224 145,608
General and administrative 2,200,839 3,406,663 3,954,514 4,261,110
Depreciation and amortization 74,371 132,569 142,122 269,961
Total operating expenses 2,413,581 3,610,616 4,295,860 4,676,679
Loss from Operations (2,550,243) (3,631,691) (4,390,055) (4,624,174)
Other Expenses        
Interest expense, net 38,597 114,742 115,468 197,610
Loss on extinguishment of convertible debt 123,432 0 219,419 195,747
Total other expenses 162,029 114,742 334,887 393,357
Net Loss (2,712,272) (3,746,433) (4,724,942) (5,017,531)
Cumulative preferred stock dividends (276,481) (238,964) (605,878) (444,653)
Net Loss Attributable to Common Stockholders $ (2,988,753) $ (3,985,397) $ (5,330,820) $ (5,462,184)
Net Loss Per Share Attributable to Common Stockholders:        
Basic and Diluted (in dollars per share) $ (0.12) $ (0.17) $ (0.22) $ (0.23)
Weighted Average Number of Common Shares Outstanding:        
Basic and Diluted (in shares) 24,031,745 23,890,357 23,945,484 23,876,161