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STATEMENTS OF OPERATIONS (unaudited) (USD $)
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3 Months Ended | 6 Months Ended | 27 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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| Income Statement | |||||
| Equipment sales | $ 96,000 | $ 97,022 | $ 115,200 | $ 111,636 | $ 305,345 |
| Other revenue | 1,280 | 1,280 | 18,814 | ||
| Total revenue | 97,280 | 97,022 | 116,480 | 111,636 | 324,159 |
| Costs of goods sold | 61,525 | 53,828 | 73,650 | 66,233 | 206,905 |
| Gross profit | 35,755 | 43,194 | 42,830 | 45,403 | 117,254 |
| Expenses: | |||||
| Selling, general and administrative | 665,605 | 300,318 | 1,402,171 | 690,378 | 3,897,737 |
| Research and development | 63,360 | 148,042 | 134,986 | 292,140 | 756,794 |
| Total expenses | 728,965 | 448,360 | 1,537,157 | 982,518 | 4,654,531 |
| Loss from operations | (693,210) | (405,166) | (1,494,327) | (937,115) | (4,537,277) |
| Other Income and Expense: | |||||
| Interest income | 393 | 1,034 | 791 | 5,865 | |
| Interest expense | (33,754) | (69,863) | (49,643) | (119,342) | (392,878) |
| Total other income and expense | (33,361) | (69,863) | (48,609) | (118,551) | (387,013) |
| Loss before income taxes | (726,571) | (475,029) | (1,542,936) | (1,055,666) | (4,924,290) |
| Income taxes | (50) | (50) | (281) | ||
| Net loss | (726,571) | (475,079) | (1,542,936) | (1,055,716) | (4,924,571) |
| Preferred stock cumulative dividend | 41,787 | 69,617 | 83,112 | 139,234 | 243,183 |
| Net loss available to common stockholders | $ (768,358) | $ (544,696) | $ (1,626,048) | $ (1,194,950) | $ (5,167,754) |
| Net loss per common share basic and diluted | $ (0.34) | $ (0.31) | $ (0.79) | $ (0.63) | $ (2.36) |
| Weighted average shares outstanding basic and diluted | 2,233,414 | 1,750,000 | 2,067,628 | 1,894,231 | 2,193,678 |
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Details
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- Definition
The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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