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

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
 3 Months Ended 9 Months Ended 12 Months Ended 40 Months Ended 49 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Sep. 30, 2013
Revenue:                
Service fees $ 40,863 $ 4,589 $ 83,666 $ 10,604 $ 16,743 $ 2,799 $ 19,542 $ 103,208
Grant and rebate revenue 48,303    86,052    5,595    5,595 91,647
Sales    4,254 12,762 235,726 235,726 59,490 295,216 307,978
TOTAL REVENUE 89,166 8,843 182,480 246,330 258,064 62,289 320,353 502,833
Costs                
Cost of services 39,662 3,893 86,380 5,683 5,036 1,217 6,253 92,633
Cost of sales    3,145 7,710 190,201 194,056 60,830 254,886 262,596
TOTAL COST OF REVENUE 39,662 7,038 94,090 195,884 199,092 62,047 261,139 355,229
Gross profit 49,504 1,805 88,390 50,446 58,972 242 59,214 147,604
Operating expenses                
Compensation 5,518,814 658,574 9,824,287 1,774,531 2,367,313 760,276 11,223,753 21,048,040
Other operating expenses 291,559 117,479 565,903 421,699 547,353 430,573 1,278,676 1,844,579
General and administrative 1,350,076 385,814 4,242,798 1,444,758 2,321,197 2,898,198 6,053,605 10,296,403
TOTAL OPERATING EXPENSES 7,160,449 1,161,867 14,632,988 3,640,988 5,235,863 4,089,047 18,556,034 33,189,022
Loss from operations (7,110,945) (1,160,062) (14,544,598) (3,590,542) (5,176,891) (4,088,805) (18,496,820) (33,041,418)
Other income (expense)                
Interest expense, net (16,729) (6,467) (38,213) (7,009) (9,278) (18,500) (63,998) (102,211)
Loss on exchange of warrants for common stock             (485,000) (485,000) (485,000)
Amortization of discount on convertible debt     (126,783)    (103,441) (36,385) (139,826) (266,609)
Loss on settlement of accounts payable for common stock     (47,856)          (47,856)
Loss on payment convertible notes payable     (46,701)          (46,701)
Debt conversion expense (687,286)   (687,286)          (687,286)
Provision for warrant liability (122,000)   (309,000)          (309,000)
Gain on change in fair value of derivative liability              3,488,615 245,217 245,217
TOTAL OTHER INCOME (EXPENSE) (826,015) (6,467) (1,255,839) (7,009) (112,719) 2,948,730 (443,607) (1,699,446)
Loss before income taxes         (5,289,610) (1,140,075) (18,940,427)  
Income tax provision                   
Net loss (7,936,960) (1,166,529) (15,800,437) (3,597,551) (5,289,610) (1,140,075) (18,940,427) (34,740,864)
Deemed dividend to Series B shareholder upon conversion to common stock and warrants (2,831,830)    (2,831,830)          (2,831,830)
Net loss attributable to common shareholders $ (10,768,790) $ (1,166,529) $ (18,632,267) $ (3,597,551)     $ (18,940,427) $ (37,572,694)
Net loss per common share - basic and diluted $ (0.19) $ (0.03) $ (0.37) $ (0.09) $ (0.13) $ (0.05)    
Weighted average number of common shares outstanding - basic & diluted 55,941,419 40,996,444 50,960,584 39,850,937 40,332,688 23,898,637