XML 60 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net loss $ (588,142) $ (469,603)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 21,456 20,010
Provision for slow moving inventory 912 $ 1,053
Loss on disposal of fixed asset 4,322  
Gain on extinguishment of lease (3,307)  
Compensation expense on stock-based arrangements with employees and consultants 81,992 $ 69,477
Changes in operating assets and liabilities:    
Accounts receivable (37,498) (218,133)
Inventories (184,290) 24,693
Prepaid expenses and other current assets (3,794) (41,732)
Accounts payable (26,192) $ (201)
Deferred compensation 45,889  
Accrued liabilities 4,552 $ 42,303
Net cash used in operating activities (684,100) (572,133)
Investing activities    
Capitalized patent costs (26,749) (21,505)
Purchases of property and equipment (20,735) (14,999)
Net cash used in investing activities (47,484) (36,504)
Financing activities    
Proceeds from issuance of notes payable to stockholders 800,150 550,100
Payment of capital lease obligations (2,162) (3,959)
Net cash provided by financing activities 797,988 546,141
Net increase/(decrease) in cash 66,404 (62,496)
Cash at beginning of period 53,288 161,503
Cash at end of period 119,692 99,007
Supplemental cash flow information    
Cash paid for interest 132,391 $ 114,789
Assets acquired from capital lease $ 15,020