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EXCEL - IDEA: XBRL DOCUMENT - VIPER POWERSPORTS INCFinancial_Report.xls
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EX-31.1 - EXHIBIT 31.1 - VIPER POWERSPORTS INCv327636_ex31-1.htm
EX-32.1 - EXHIBIT 32.1 - VIPER POWERSPORTS INCv327636_ex32-1.htm
10-Q/A - FORM 10-Q/A - VIPER POWERSPORTS INCv327636_10qa.htm
EX-31.2 - EXHIBIT 31.2 - VIPER POWERSPORTS INCv327636_ex31-2.htm
v2.4.0.6
Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended 106 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Revenue $ 166,166 $ 6,561 $ 204,901 $ 29,157 $ 1,294,763
Cost of revenue 162,787 3,301 208,992 22,856 1,255,589
Gross profit 3,379 3,260 (4,091) 6,301 39,174
Operating expense:          
Research and development costs 14,983 18,610 19,139 532,260 6,048,447
Selling, general and administrative 1,478,242 380,367 2,621,550 1,101,228 22,977,838
Loss on impairment of assets 0 0 0 0 7,581,317
Total operating expense 1,493,407 398,977 2,640,689 1,633,488 36,609,093
Loss from operations (1,490,028) (395,717) (2,644,780) (1,627,187) (36,569,919)
Other (expenses) income:          
Interest expense (5,324) (43,441) (40,744) (121,855) (1,559,650)
Loss on sale of assets 0 0 0 0 (18,994)
Accretion of debt discount 0 (77,032) (83,304) (263,830) (647,804)
Financing cost, debt discounts 0 0 (183,566) (147,770) (609,668)
Beneficial conversion feature on loan 0 (56,000) (211,730) (374,439) (612,799)
Other income (expense) 0 0 1,463 1,746 348,259
Total other (expense) income (5,324) (176,473) (517,881) (906,148) (3,183,960)
Net loss (1,495,352) (572,190) (3,162,661) (2,533,335) (39,753,879)
Deemed dividend of preferred stock 0 0 (327,794) 0 (327,794)
Net loss attributed to common shareholders $ (1,495,352) $ (572,190) $ (3,490,455) $ (2,533,335) $ (40,111,673)
Net loss per common share:          
Basic and diluted (in dollars per share) $ (0.07) $ (0.04) $ (0.17) $ (0.14)  
Weighted average shares Common stock outstanding (in shares) 19,979,738 14,125,629 19,021,687 13,820,104