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STATEMENTS OF OPERATIONS (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
|
Sep. 30, 2011
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| STATEMENTS OF OPERATIONS (Unaudited) [Abstract] | ||||
| NET REVENUE | $ 4,823,023 | $ 4,604,396 | $ 15,103,051 | $ 13,651,847 |
| OPERATING EXPENSES: | ||||
| Cost of revenues | 3,523,204 | 3,361,179 | 11,331,354 | 10,114,244 |
| Selling, general and administrative | 1,762,622 | 1,455,955 | 5,681,730 | 4,398,189 |
| Depreciation and amortization | 65,447 | 41,195 | 178,233 | 122,103 |
| Total operating expenses | 5,351,273 | 4,858,329 | 17,191,317 | 14,634,536 |
| LOSS FROM OPERATIONS | (528,250) | (253,933) | (2,088,266) | (982,689) |
| OTHER (EXPENSE) INCOME: | ||||
| Interest expense, net | (37,740) | (50,470) | (65,175) | (156,365) |
| Loss on extinguishment | 0 | 0 | 0 | (80,316) |
| Officers' life insurance | 10,380 | (89,844) | 17,529 | (81,929) |
| Derivative (expense) income | (310,108) | (313,595) | (494,820) | (340,370) |
| Other (expense) income | (2,095) | (2,704) | 31,677 | (2,791) |
| Total other (expense) income | (339,563) | (456,613) | (510,789) | (661,771) |
| LOSS BEFORE INCOME TAXES | (867,813) | (710,546) | (2,599,055) | (1,644,460) |
| INCOME TAX BENEFIT | 378,000 | 237,427 | 643,960 | 516,299 |
| NET LOSS | (489,813) | (473,119) | (1,955,095) | (1,128,161) |
| PREFERRED STOCK DIVIDENDS | 0 | 0 | (321,218) | (44,429) |
| DEEMED DIVIDEND ON PREFERRED STOCK | 0 | 0 | 0 | (1,913,592) |
| NET (LOSS) INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ (489,813) | $ (473,119) | $ (2,276,313) | $ (3,086,182) |
| Net (loss) income per share | ||||
| Basic (in dollars per share) | $ (0.03) | $ (0.06) | $ (0.16) | $ (0.38) |
| Diluted (in dollars per share) | $ (0.03) | $ (0.06) | $ (0.16) | $ (0.38) |
| Weighted average number of shares | ||||
| Basic (in shares) | 15,782,071 | 8,105,311 | 14,027,789 | 8,038,810 |
| Diluted (in shares) | 15,782,071 | 8,105,311 | 14,027,789 | 8,038,810 |