Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues $ 80,050,434 $ 62,135,578
Cost of revenues 62,141,038 45,950,930
Research and development expenses 2,043,718 1,401,868
Selling and marketing expenses 5,487,910 5,254,891
General and administrative expenses 10,052,765 10,677,855
Amortization of intangible assets 1,185,539 1,905,097
Total operating costs and expenses 80,910,970 65,190,641
Operating loss (860,536) (3,055,063)
Other income (8,284) (43,852)
Allowance for legal settlements, net 0 12,333
Financial expense, net 547,986 331,006
Total other expense 539,702 299,487
Loss from continuing operations before income tax expense (1,400,238) (3,354,550)
Income tax expense 628,156 1,608,611
Loss from continuing operations (2,028,394) (4,963,161)
Loss from discontinued operations, net of income tax (988,283) (6,563,844)
Net loss (3,016,677) (11,527,005)
Other comprehensive income, net of income tax - $0 for both years 0 0
Foreign currency translation adjustment (135,363) (769,515)
Comprehensive loss $ (3,152,040) $ (12,296,520)
Basic and diluted net loss per share – continuing operations (in Dollars per share) $ (0.14) $ (0.35)
Basic and diluted net loss per share – discontinued operations (in Dollars per share) $ (0.07) $ (0.47)
Basic and diluted net loss per share (in Dollars per share) $ (0.21) $ (0.82)
Weighted average number of shares used in computing basic and diluted net loss per share (in Shares) 14,713,583 14,011,566