Quarterly report pursuant to Section 13 or 15(d)

Restatement (Details 1)

v2.4.0.6
Restatement (Details 1) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 1,009,398 $ 553,108 $ 2,022,604 $ 693,746
Cost of revenues 332,458 179,051 700,228 258,888
Gross Margin 676,940 374,057 1,322,376 434,858
Operating Expenses        
General & administrative 797,763 559,635 1,717,256 1,183,849
Sales & marketing expense 381,868 216,085 729,119 280,010
Engineering, research, & development expense 134,780 179,273 293,081 325,764
Total Operating Expenses 1,461,176 1,079,734 3,040,838 1,916,401
Loss From Operations (784,236) (705,677) (1,718,462) (1,481,543)
Other Income/(Expense)        
Interest income 2,568 16 2,568 174
Interest expense 880,321 138,258 1,238,499 243,666
Change in fair market value of derivative liabilities 654,477 (154,104) 193,990 (584,506)
Total Other Income/(Expense) (207,309) (292,346) (965,323) (827,998)
Income tax benefit/(expense)    (38)    (38)
Net Loss (991,545) (997,985) (2,683,785) (2,309,503)
Net Loss Per Share - Basic and Diluted $ (0.04) $ (0.05) $ (0.12) $ (0.12)
Weighted average number of shares during the period - basic and diluted 23,041,215 21,336,579 22,920,101 19,534,081
ScenarioPreviouslyReportedMember
        
Revenues     553,108  
Cost of revenues     179,051  
Gross Margin     374,057  
Operating Expenses        
General & administrative     374,448  
Sales & marketing expense     200,822  
Engineering, research, & development expense     161,291  
Depreciation & amortization     124,741  
Total Operating Expenses     861,302  
Loss From Operations     (487,245)  
Other Income/(Expense)        
Interest income     16  
Interest expense     (138,258)  
Change in fair market value of derivative liabilities     159,263  
Total Other Income/(Expense)     21,021  
Loss before income taxes     (466,224)  
Income tax benefit/(expense)     38  
Net Loss     (466,186)  
Net Loss Per Share - Basic and Diluted     $ (0.02)  
Weighted average number of shares during the period - basic and diluted     21,336,579  
ScenarioAdjustmentMember
        
Revenues          
Cost of revenues          
Gross Margin          
Operating Expenses        
General & administrative 185,187   185,187  
Sales & marketing expense 15,263   15,263  
Engineering, research, & development expense 17,982   17,982  
Depreciation & amortization          
Total Operating Expenses 218,432   218,432  
Loss From Operations (218,432)   (218,432)  
Other Income/(Expense)        
Interest income          
Interest expense          
Change in fair market value of derivative liabilities      (313,367)  
Total Other Income/(Expense) (313,367)   (313,367)  
Loss before income taxes (531,799)   (531,799)  
Income tax benefit/(expense)          
Net Loss (531,799)   (531,799)  
Net Loss Per Share - Basic and Diluted $ (0.02)   $ (0.02)  
Weighted average number of shares during the period - basic and diluted 21,336,579   21,336,579  
RestatedMember
        
Revenues 553,108   553,108  
Cost of revenues 179,051   179,051  
Gross Margin 374,057   374,057  
Operating Expenses        
General & administrative 559,635   559,635  
Sales & marketing expense 216,085   216,085  
Engineering, research, & development expense 179,273   179,273  
Depreciation & amortization 124,741   124,741  
Total Operating Expenses 1,079,734   1,079,734  
Loss From Operations (705,677)   (705,677)  
Other Income/(Expense)        
Interest income 16   16  
Interest expense (138,258)   (138,258)  
Change in fair market value of derivative liabilities (138,258)   (154,104)  
Total Other Income/(Expense) (292,346)   (292,346)  
Loss before income taxes (998,023)   (998,023)  
Income tax benefit/(expense) 38   38  
Net Loss (997,985)   (997,985)  
Net Loss Per Share - Basic and Diluted $ (0.05)   $ (0.05)  
Weighted average number of shares during the period - basic and diluted 21,336,579   21,336,579  
ScenariosPreviouslyReportedMember
        
Revenues 553,108      
Cost of revenues 179,051      
Gross Margin 374,057      
Operating Expenses        
General & administrative 374,448      
Sales & marketing expense 200,822      
Engineering, research, & development expense 161,291      
Depreciation & amortization 124,741      
Total Operating Expenses 861,302      
Loss From Operations (487,245)      
Other Income/(Expense)        
Interest income 16      
Interest expense (138,258)      
Change in fair market value of derivative liabilities 159,263      
Total Other Income/(Expense) 21,021      
Loss before income taxes (466,224)      
Income tax benefit/(expense) 38      
Net Loss $ (466,186)      
Net Loss Per Share - Basic and Diluted $ (0.02)      
Weighted average number of shares during the period - basic and diluted 21,336,579