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Followers
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147
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Posters
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Posts (Today)
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0
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Posts (Total)
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20617
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Created
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06/13/06
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Type
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Free
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| Six Months Ended June 30, | |||||||||
| 2011 | 2010 | ||||||||
| Revenues: | |||||||||
| Wireless infrastructure services | $ | 77,944 | $ | 1,698,456 | |||||
| Operating costs: | |||||||||
| Wireless infrastructure services | 110,238 | 1,169,179 | |||||||
| Gross (loss) profit | (32,294 | ) | 529,277 | ||||||
| Costs and expenses: | |||||||||
| Selling, general and administrative expenses | 713,878 | 1,017,760 | |||||||
| Loss from operations before other expenses | (746,172 | ) | (488,483 | ) | |||||
| Other expenses: | |||||||||
| Loss on adjustment of derivative and warrant liabilities to fair value | (3,580,307 | ) | (71,549 | ) | |||||
| Amortization of debt discount | (866,752 | ) | (625,277 | ) | |||||
| Interest expense | (319,928 | ) | (253,029 | ) | |||||
| Total other expenses | (4,766,987 | ) | (949,855 | ) | |||||
| Loss before provision for income taxes | (5,513,159 | ) | (1,438,338 | ) | |||||
| Provision for income taxes | 4,543 | 4,912 | |||||||
| Loss before preferred stock dividends | (5,517,702 | ) | (1,443,250 | ) | |||||
| Preferred stock dividend | (3,043 | ) | (3,043 | ) | |||||
| Net loss available to common stockholders | $ | (5,520,745 | ) | $ | (1,446,293 | ) | |||
| Weighted average number of shares outstanding | 3,600,940,672 | 175,889,165 | |||||||
| Basic net loss per common share | $ | 0.00 | $ | (0.01 | ) | ||||
