Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Consolidated Statements of Operations [Abstract]    
Revenues $ 7,691,704 $ 4,849,470
Cost of goods sold 1,961,877 2,426,544
Gross profit 5,729,827 2,422,926
Costs and expenses:    
Sales and marketing 6,883,953 4,378,694
Research and development 1,427,211 697,355
General and administrative 5,220,599 4,315,604
Total costs and expenses 13,531,763 9,391,653
Loss from operations (7,801,936) (6,968,727)
Other income (expense):    
Interest expense (1,391,342) (1,094,657)
Interest expense - deferred financing costs (986,844) (1,223,126)
Change in fair value of warrant liability   62,305
Other income 23,972 4,985
Total other income (expense) (2,354,214) (2,250,493)
Loss before income taxes (10,156,150) (9,219,220)
Income tax benefit 738,192  
Net Loss (9,417,958) (9,219,220)
Preferred Stock dividends (assumes all paid)   (1,028,351)
Net loss available to common shareholders $ (9,417,958) $ (10,247,571)
Weighted Average Common Shares outstanding - basic and diluted 11,089,425 3,697,390
Loss Per Common share - basic and diluted $ (0.85) $ (2.77)