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EXCEL - IDEA: XBRL DOCUMENT - 11 GOOD ENERGY INCFinancial_Report.xls
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v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 49 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
REVENUE:          
Sales $ 68,291 $ 30,080 $ 97,513 $ 78,507 $ 567,513
Cost of sales 154,112 97,747 268,508 204,995 1,176,071
Gross loss (85,821) (67,667) (170,996) (126,488) (608,559)
OPERATING EXPENSES:          
General, selling and administrative expenses 2,622,851 1,135,332 3,584,110 3,687,772 14,981,330
Research and development 23,162 125,000 123,713 226,323 935,695
Depreciation and amortization 29,185 42,373 58,371 83,420 298,583
Total operating expenses 2,675,198 1,302,705 3,766,194 3,997,515 16,215,606
NET (LOSS) FROM OPERATIONS (2,761,019) (1,370,372) (3,937,190) (4,124,003) (16,824,165)
Other income/(expense):          
Interest income         55,384
Interest expense (8,726)   (8,726) (7,077) (3,858,708)
Realized loss on sale of securities (195,300)   (213,083)   (84,277)
Gain on sale of property, plant and equipment         1,200
Net loss before provision for income taxes (2,965,045) (1,370,372) (4,158,999) (4,131,080) (20,710,566)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS (2,965,045) (1,370,372) (4,158,999) (4,131,080) (20,710,566)
Net loss per common share (basic and fully diluted) (in Dollars per share) $ (0.15) $ (0.07) $ (0.21) $ (0.25) $ (1.34)
Weighted average number of shares outstanding (basic and fully diluted) (in Shares) 19,877,996 19,443,803 19,867,177 16,813,814 15,504,532
Comprehensive loss:          
Net loss (2,965,045) (1,370,372) (4,158,999) (4,131,080) (20,710,566)
Unrealized (loss) gain on securities available for sale 193,320 (353,839) 198,161 (527,175) (88,400)
Comprehensive loss $ (2,771,725) $ (1,724,211) $ (3,960,838) $ (4,658,255) $ (20,798,966)