Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Interim Statements of Operations (Unaudited)

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Condensed Consolidated Interim Statements of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Income Statement [Abstract]    
Revenue $ 16,168,421 $ 11,534,705
Cost of revenues, exclusive of depreciation and amortization, shown separately below 11,751,596 10,044,760
Gross profit 4,416,825 1,489,945
Depreciation and amortization 849,915 98,223
Selling general and administrative expenses (including stock-based compensation of approximately $48,000 and $7,000 for the three months ended March 31, 2013 and 2012, respectively) 4,267,597 2,051,142
Total operating expenses 5,117,512 2,149,365
Operating loss (700,687) (659,420)
Other (expenses) income:    
Interest expense (659,519) (57,086)
Other expenses, net (236,074) (69,445)
Total other expenses (895,593) (126,531)
Net loss (1,596,280) (785,951)
Preferred stock dividends in arrears (99,246) (100,349)
Net loss applicable to common stockholders: $ (1,695,526) $ (886,300)
Basic and diluted loss per common share: $ (0.01) $ (0.01)
Weighted average common shares outstanding:    
Basic and diluted 178,670,488 159,988,401