Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Revenues $ 903,215 $ 1,027,993
Cost of revenues 260,893 284,622
Gross margin 642,322 743,371
Operating expenses    
General and administrative 1,129,953 532,628
Sales and marketing 941,085 362,896
Engineering, research, and development 297,933 94,055
Depreciation and amortization 68,084 33,813
Total operating expenses 2,437,054 1,023,393
Loss from operations (1,794,732) (280,022)
Other income/(expense)    
Interest income 1,731 3
Interest expense (826) (1,447,359)
Change in fair value of derivative liabilities (30,079) 1,001,550
Gain (loss) on adjustment in contingent consideration    305,712
Total other income/(expense) (30,984) (2,143,194)
Loss before income taxes (1,763,748) (2,423,215)
Income tax expense      
Net loss $ (1,763,748) $ (2,423,215)
Net loss per share - basic and diluted $ (0.10) $ (0.63)
Weighted average number of shares during the period - basic and diluted 17,490,954 3,869,247