Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue $ 7,357,307 $ 1,053,305 $ 13,668,709 $ 2,201,552
Cost of sales 3,772,374 1,707,123 7,422,562 2,894,836
Gross profit (loss) 3,584,933 (653,818) 6,246,147 (693,284)
Selling, general and administrative:        
Severance and transition costs 172,712   978,011  
Acquisition and other related expenses 520,246   1,574,853  
Amortization 1,027,490 63,624 1,977,565 144,954
Stock based compensation 508,791 26,239 700,885 44,086
Other selling, general and administrative 2,352,032 1,378,083 4,443,515 2,766,626
Research and development 320,408 125,824 779,845 322,996
Impairment charge   3,397,212   3,397,212
Total operating expenses 4,901,679 4,990,982 10,454,674 6,675,874
Operating loss (1,316,746) (5,644,800) (4,208,527) (7,369,158)
Non-operating income (expense):        
Change in fair value of embedded derivative (3,821,270)   (6,990,353)  
Gain on bargain purchase of business     742,750  
Other income (expense) 3,457 (83,644) 3,489 (130,472)
Total non-operating expense, net (3,817,813) (83,644) (6,244,114) (130,472)
Loss from continuing operations (5,134,559) (5,728,444) (10,452,641) (7,499,630)
Discontinued operations:        
Income from discontinued operations       683
Net loss (5,134,559) (5,728,444) (10,452,641) (7,498,947)
Accrual of preferred stock dividends 315,972   593,056  
Accretion to redemption value of Series E preferred stock 6,319   2,176,968  
Net loss attributable to common stockholders $ (5,456,850) $ (5,728,444) $ (13,222,665) $ (7,498,947)
Basic and diluted loss per common share:        
Loss from continuing operations attributable to common stockholders $ (0.07) $ (0.35) $ (0.18) $ (0.46)
Discontinued operations            
Net loss attributable to common stockholders $ (0.07) $ (0.35) $ (0.18) $ (0.46)
Basic and diluted weighted average shares outstanding 77,286,147 16,452,738 74,487,742 16,452,738