|
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
| Income Statement [Abstract] | ||
| Revenue | $ 4,093,869us-gaap_Revenues | $ 2,780,000us-gaap_Revenues |
| Expenses | ||
| Cost of revenues | 4,328,165us-gaap_CostOfRevenue | 1,110,579us-gaap_CostOfRevenue |
| Amortization of patents and website | 2,598,461us-gaap_DepreciationAndAmortization | 453,647us-gaap_DepreciationAndAmortization |
| Compensation and related taxes | 1,581,074us-gaap_OtherLaborRelatedExpenses | 729,987us-gaap_OtherLaborRelatedExpenses |
| Consulting fees | 896,543us-gaap_ProfessionalAndContractServicesExpense | 428,107us-gaap_ProfessionalAndContractServicesExpense |
| Professional fees | 769,615us-gaap_ProfessionalFees | 256,855us-gaap_ProfessionalFees |
| General and administrative | 219,481us-gaap_GeneralAndAdministrativeExpense | 82,658us-gaap_GeneralAndAdministrativeExpense |
| Total operating expenses | 10,393,339us-gaap_OperatingExpenses | 3,061,833us-gaap_OperatingExpenses |
| Operating loss | (6,299,470)us-gaap_OperatingIncomeLoss | (281,833)us-gaap_OperatingIncomeLoss |
| Other income (expenses) | ||
| Foreign exchange gain/(loss) | (39,402)us-gaap_EffectOfExchangeRateOnCash | |
| Interest income | 2us-gaap_InvestmentIncomeInterest | 227us-gaap_InvestmentIncomeInterest |
| Interest expense | (931,541)us-gaap_InterestExpense | |
| Total other income (expense) | (970,941)us-gaap_NonoperatingIncomeExpense | 227us-gaap_NonoperatingIncomeExpense |
| Loss before provision for income taxes | (7,270,411)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (281,606)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Income tax benefit | 2,488,839us-gaap_DeferredIncomeTaxExpenseBenefit | |
| Net loss attributable to common shareholders | $ (4,781,571)us-gaap_NetIncomeLoss | $ (281,606)us-gaap_NetIncomeLoss |
| Loss per common share, basic and diluted: | $ (0.34)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare | $ (0.03)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted | 13,868,811us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 10,979,186us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| X | ||||||||||
|
- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of effect of exchange rate changes on cash balances held in foreign currencies. Excludes cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of payroll tax expense, compensation, postemployment and benefit-related expenses not elsewhere specified in the taxonomy (such as health plan, profit sharing, incentives, tuition reimbursement, other fringe benefits and perquisites) incurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
|
| X | ||||||||||
|
- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|