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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Revenue $ 14,811,828 $ 9,959,965 $ 45,210,427 $ 31,714,105
Cost of revenues, exclusive of depreciation and amortization, shown separately below 9,953,734 9,164,247 31,310,864 28,172,796
Gross profit 4,858,094 795,718 13,899,563 3,541,309
Depreciation and amortization 911,613 94,426 2,634,112 286,603
Selling general and administrative expenses (including stock-based compensation of approximately $51,000 and $32,000 for the three months ended September 30, 2013 and 2012, and approximately $107,000 and $101,000 for the nine months ended September 30, 2013 and 2012 4,312,508 2,215,751 13,013,954 6,525,277
Total operating expenses 5,224,121 2,310,177 15,648,066 6,811,880
Operating loss (366,027) (1,514,459) (1,748,503) (3,270,571)
Other (expenses) income:        
Interest expense (663,689) (56,861) (1,992,939) (160,477)
Loss on extinguishment of debt (291,995)    (442,574)   
Other income (expenses), net (845,171) (63,576) (802,255) (224,419)
Total other income (expenses) (1,800,855) (120,437) (3,237,768) (384,896)
(Loss) gain on extinguishment of accounts payable (25,222)    2,883,660   
Net income (loss) (2,192,104) (1,634,896) (2,102,611) (3,655,467)
Preferred stock dividends in arrears (101,451) (101,451) (301,046) (302,149)
Net loss applicable to common stockholders: $ (2,293,555) $ (1,736,347) $ (2,403,657) $ (3,957,616)
Basic and diluted loss per common share: $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Weighted average common shares outstanding:        
Basic and diluted 220,582,275 166,432,351 198,625,110 164,107,320