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Statements of Operations (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
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Sep. 30, 2011
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| Revenue: | ||||
| Product leases and royalties | $ 1,856,984 | $ 719,605 | $ 5,250,055 | $ 2,226,205 |
| Product sales and service | 16,544 | 14,278 | 59,396 | 37,874 |
| Total revenue | 1,873,528 | 733,883 | 5,309,451 | 2,264,079 |
| Costs and expenses | ||||
| Cost of ancillary products and assembled components | 18,001 | 16,449 | 77,106 | 61,628 |
| Selling, general and administrative | 994,537 | 826,878 | 3,155,617 | 2,351,569 |
| Research and development | 84,199 | 82,576 | 230,217 | 225,060 |
| Depreciation | 5,108 | 4,884 | 13,661 | 13,757 |
| Amortization | 424,641 | 8,165 | 1,210,988 | 24,496 |
| Total costs and expenses | 1,526,486 | 938,952 | 4,687,589 | 2,676,510 |
| Income (loss) from operations | 347,042 | (205,069) | 621,862 | (412,431) |
| Other income (expense) | ||||
| Interest income | 9,918 | 6,176 | 20,507 | 18,696 |
| Interest expense | (227,484) | (21,841) | (672,598) | (69,515) |
| Gain on settlement | 50,000 | |||
| Total other income (expense) | (217,566) | (15,665) | (602,091) | (50,819) |
| Income (loss) before income taxes | 129,476 | (220,734) | 19,771 | (463,250) |
| Provision for income taxes | ||||
| Net income (loss) | $ 129,476 | $ (220,734) | $ 19,771 | $ (463,250) |
| Net income (loss) per share: Basic | $ 0.00 | $ (0.01) | $ 0.00 | $ (0.01) |
| Net income (loss) per share: Diluted | $ 0.00 | $ (0.01) | $ 0.00 | $ (0.01) |
| Weighted average shares outstanding: Basic | 38,310,591 | 35,508,091 | 38,052,008 | 35,399,449 |
| Weighted average shares outstanding: Diluted | 40,019,044 | 38,222,973 | 40,551,927 | 37,967,510 |
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No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (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. 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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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of interest income earned from interest bearing assets not separately disclosed. No definition available.
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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. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. 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
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
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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