Statement of operations
For the three months ended March 31,
2014
Revenues, net
Cost of goods sold
Gross profit
$
2013
356,229
205,590
150,639
$
240,420
53,181
187,239
Operating expenses
Research and development
Sales and marketing
Other general and administrative
Loss from operations
1,541
87,949
345,757
(284,608)
36,711
107,347
256,617
(213,436)
Other income (expenses)
Gain on settlement of debt
Other income (expense)
Interest expense
Total other income (expenses)
16,226
(331)
(107,607)
(91,712)
(28,716)
(28,716)
Net loss
Basic net income (loss) per common share
Diluted net income (loss) per common share
Weighted average common shares outstanding:
Basic
Diluted
$
(376,320)
$
(242,152)
$
$
(0.01)
(0.01)
$
$
(0.01)
(0.01)
25,889,334
25,889,334
23,036,157
23,036,157
12