|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
|
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Net revenues | $ 570,476 | $ 40,189 |
| Cost of revenues | 2,308,610 | 210,393 |
| Gross loss | (1,738,134) | (170,204) |
| Operating expenses | ||
| General and administrative | 6,699,118 | 2,167,840 |
| Impairment of intangible assets | 1,859,778 | 650,000 |
| Warrant expense and fair value charge for stock sales | 2,756,617 | 2,934,040 |
| Legal and professional services | 3,305,892 | 1,665,200 |
| Depreciation and amortization | 69,805 | 49,672 |
| Total | 14,691,210 | 7,466,752 |
| Loss from operations | (16,429,344) | (7,636,956) |
| Other (income)/expenses | ||
| Other (income)/expenses | (1,012,909) | 691,260 |
| Interest expense | 420,733 | 81,389 |
| Total other (income)/expenses | (592,176) | 772,649 |
| Net loss | $ (15,837,168) | $ (8,409,605) |
| Basic and diluted loss per share (in Dollars per share) | $ (0.21) | $ (0.14) |
| Basic and diluted weighted-average common shares (in Shares) | 75,779,583 | 57,693,157 |