Quarterly report pursuant to sections 13 or 15(d)

Statements of Operations

v2.4.0.6
Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue:    
Product leases and royalties $ 1,889,430 $ 1,628,320
Product sales and service 6,948 17,387
Total revenue 1,896,378 1,645,707
Costs and expenses:    
Costs of ancillary products and assembled components 27,251 8,634
Selling, general and administrative 957,583 1,102,788
Research and development 100,445 61,205
Depreciation 10,159 16,899
Amortization 397,226 406,713
Total costs and expenses 1,492,664 1,596,239
Income from operations 403,714 49,468
Other income (expenses)    
Interest income 5,863 6,061
Interest expense (257,017) (226,747)
Total other income (expense) (251,154) (220,686)
Income (loss) before provision for income taxes 152,560 (171,218)
Benefit (provision) for income taxes (48,763)   
Net income (loss) $ 103,797 $ (171,218)
Basic income (loss) per share $ 0.00 $ 0.00
Diluted income (loss) per share $ 0.00 $ 0.00
Weighted average number of shares outstanding: Basic 38,310,591 37,517,008
Weighted average number of shares outstanding: Diluted 38,310,591 37,517,008