General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED STATEMENTS OF OPERATION

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATION (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Revenues $ 2,142,932 $ 1,653,430 $ 7,691,704 $ 4,849,470
Cost of goods sold 560,243 439,158 1,961,877 2,426,544
Gross profit 1,582,689 1,214,272 5,729,827 2,422,926
Costs and expenses:        
Sales and marketing 1,893,541 1,628,608 6,883,953 4,378,694
Research and development 406,943 296,131 1,427,211 697,355
General and administrative 1,605,759 1,230,608 5,220,599 4,315,604
Total costs and expenses 3,906,243 3,155,347 13,531,763 9,391,653
Loss from operations (2,323,554) (1,941,075) (7,801,936) (6,968,727)
Other income (expense):        
Interest expense (1,067,621) (125,125) (1,391,342) (1,094,657)
Interest expense - deferred financing costs (44,216) (34,951) (986,844) (1,223,126)
Change in fair value of warrant liability       62,305
Other income (expense) (2,117) (8,174) 23,972 4,985
Total other income (expense) (1,113,954) (168,250) (2,354,214) (2,250,493)
Loss before income taxes     (10,156,150) (9,219,220)
Income tax benefit     738,192  
Net loss (3,437,508) (2,109,325) (9,417,958) (9,219,220)
Preferred Stock dividends (assumes all paid)       (1,028,351)
Net loss attributable to common stockholders $ (3,437,508) $ (2,109,325) $ (9,417,958) $ (10,247,571)
Weighted Average Common Shares outstanding - basic and diluted 11,124,633 11,062,339 11,089,425 3,697,390
Loss Per Common share - basic and diluted $ (0.31) $ (0.19) $ (0.85) $ (2.77)