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 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Income Statement [Abstract]        
Revenue $ 10,219,436 $ 10,643,036 $ 21,754,140 $ 20,847,316
Cost of revenues exclusive of depreciation and amortization, shown separately below 8,963,789 9,655,765 19,008,549 18,801,395
Gross profit 1,255,647 987,271 2,745,591 2,045,921
Depreciation and amortization 93,954 148,530 192,177 317,068
Selling general and administrative expenses (including $54,486 and $9,705 of stock-based compensation for the three months ended June 30, 2012 and 2011, respectively and $61,482 and $33,387 of stock-based compensation for the six months ended June 30, 2012 and 2011, respectively 2,256,676 2,005,991 4,301,493 4,166,744
Advertising and marketing 1,709 819 8,033 5,382
Total operating expenses 2,352,339 2,155,340 4,501,703 4,489,194
Operating loss (1,096,692) (1,168,069) (1,756,112) (2,443,273)
Other (expenses) income:        
Interest expense, net of interest income (46,534) (55,725) (103,616) (104,012)
Other (91,394) 21,134 (160,843) 109,829
Total other (expenses) income (137,928) (34,591) (264,459) 5,817
Loss from continuing operations (1,234,620) (1,202,660) (2,020,571) (2,437,456)
Discontinued operations:        
Income from discontinued operations    152    8,364
Net loss (1,234,620) (1,202,508) (2,020,571) (2,429,092)
Loss applicable to common stockholders:        
Loss from continuing operations (1,234,620) (1,202,660) (2,020,571) (2,437,456)
Preferred stock dividends in arrears (100,349) (122,816) (200,698) (266,717)
Net loss from continuing operations applicable to common stockholders: (1,334,969) (1,325,476) (2,221,269) (2,704,173)
Income from discontinued operations    152    8,364
Net loss applicable to common stockholders: $ (1,334,969) $ (1,325,324) $ (2,221,269) $ (2,695,809)
Basic and diluted loss per common share:        
Loss from continuing operations $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Loss from discontinued operations    $ 0    $ 0
Loss per common share $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Weighted average common shares outstanding:        
Basic and diluted 165,875,657 139,666,939 162,932,029 136,151,459