Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenue:    
Product revenues $ 342,000 $ 26,000
License revenues 0 0
TOTAL REVENUE 342,000 26,000
Cost of Product Revenue 94,000 48,000
Gross profit (loss) 248,000 (22,000)
Operating Expenses:    
Research and development 0 17,000
Selling expenses 400,000 420,000
Selling, general and administrative 3,362,000 3,469,000
Total operating expenses 3,762,000 3,906,000
Loss from Operations (3,514,000) (3,928,000)
Change in value of warrant and derivative liabilities (94,000) 784,000
Interest expense/income (1,653,000) (556,000)
Total Other Income (Expense) (1,747,000) 228,000
Loss before minority interest and provision for income taxes (5,261,000) (3,700,000)
Less: Net income attributable to the noncontrolling interests 90,000 0
Income (loss) before provision for income taxes (5,171,000) (3,700,000)
Provision for income taxes 0 0
Net loss $ (5,171,000) $ (3,700,000)
Loss Per Share - basic and diluted $ (0.01) $ (0.02)
Weighted Average Shares Outstanding - basic and diluted 371,724,614 201,099,910