XML 21 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities:    
Net (Loss) $ (7,805,526) $ (15,379,724)
Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities:    
Depreciation and Amortization 257,761 250,530
Share Based Compensation - Non-employee   966,227
Share Based Compensation- Employees 2,174,212 1,350,959
Amortization of Debt Issuance Costs 113,529  
Non-Cash Interest Expense 112,529  
Loss on Disposal of Assets 1,662 5,109
Changes in Assets and Liabilities:    
Decrease (Increase) in Accounts Receivable 477,866 (30,367)
Increase in Inventory (110,180) (215,871)
Decrease (Increase) in Other Assets (243,936) 257,464
Increase (Decrease) in Accounts Payable (3,552,886) 1,266,909
Increase (Decrease) in Other Liabilities (1,790,208) 220,809
Changes in Assets and Liabilities (5,219,344) 1,498,944
Cash Used In Operating Activities (10,365,177) (11,307,955)
Cash Flows From Investing Activities:    
Purchase of Investments Available for Sale (2,000,000)  
Purchase of Equipment (329,882) (153,380)
Proceeds on Sale of Assets   5,998
Cash Used In Investing Activities (2,329,882) (147,382)
Cash Flows From Financing Activities:    
Proceeds from the Issuance of Common Shares and Purchase Warrants 1,474,725 12,518,733
Payments on Notes Payable and Capital Lease Obligations   (829)
Cash Provided By Financing Activities 1,474,725 12,517,904
Increase (Decrease) In Cash (11,220,334) 1,062,567
Cash At Beginning Of Period 11,881,451 4,711,730
Cash At End Of Period 661,117 5,774,297
Supplemental Cash Flow disclosure    
Interest Paid $ 628,244 $ 75