Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.6
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Consolidated Statements of Operations [Abstract]    
Revenues $ 4,849,470 $ 3,004,445
Cost of goods sold 2,426,544 1,378,936
Gross profit 2,422,926 1,625,509
Costs and expenses:    
Sales and marketing 4,378,694 3,007,163
Research and development 697,355 436,008
General and administrative 4,315,604 2,663,908
Total costs and expenses 9,391,653 6,107,079
Loss from operations (6,968,727) (4,481,570)
Other income (expense):    
Interest expense (1,094,657) (814,994)
Interest expense - deferred financing costs (1,223,126) (1,322,413)
Gain from termination of distribution agreement   1,119,094
Change in fair value of warrant liability 62,305 78,306
Other income (expense) 4,985 (1,584)
Total other income (expense) (2,250,493) (941,591)
Net loss (9,219,220) (5,423,161)
Preferred Stock dividends (assumes all paid) (1,028,351) (1,566,361)
Net loss available to common shareholders $ (10,247,571) $ (6,989,522)
Weighted Average Common Shares outstanding - basic and diluted 3,697,390 836,645
Loss Per Common share - basic and diluted $ (2.77) $ (8.35)