XML 35 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net loss$ (5,742,935)$ (6,025,131)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:  
Stock based compensation1,869,2072,339,461
Shares issued for director fees201,400234,000
Shares & Warrants issued for Services563,713490,000
Amortization on Debt Discount2,048,8122,592,199
Depreciation526,074626,941
Loss on asset disposal040,359
Loan Cost Amortization0357,557
Interest on conversion of NP05,634
Change in Derivative Liability, net of bifurcation(2,515,674)(4,355,060)
Gain on Liquidating Damages(74,850)30,928
Changes in operating assets and liabilities:  
Accounts receivable13,463(84,058)
Inventory(264,072)34,230
Prepaid expenses and other assets(65,939)(30,180)
Increase/(Decrease) in:  
Accounts payable and accrued expenses260,392666,578
CASH USED FOR OPERATING ACTIVITIES(3,180,409)(3,076,542)
CASH FLOWS FROM INVESTING ACTIVITIES  
Purchase of Fixed Assets(852,392)(314,759)
Proceeds from asset disposals073,800
CASH USED FOR INVESTING ACTIVITIES(852,392)(240,959)
CASH FLOWS FROM FINANCING ACTIVITES  
Proceeds from sale of preferred stock3,326,6971,221,000
Proceeds from sale of common stock3,35516,039
Borrowing on debt01,796,000
Principal payment on debt(160,000)0
CASH PROVIDED BY FINANCING ACTIVITIES3,170,0523,033,039
NET (DECREASE) INCREASE IN CASH(862,749)(284,462)
CASH AT BEGINNING OF PERIOD2,327,013324,784
CASH AT THE PERIOD ENDED SEPT 301,464,26440,322
Supplemental Disclosures of Cash Flow Information:  
Cash less exercise of warrants011
Note Payable conversion4,605,9164,363,123
Discount on convertible debentures01,796,000
Discount on preferred stock3,386,6971,188,749
Amortization on preferred stock2,041,209105,868
Change in derivative liability due to exercise of warrants34,388372,462
Change in derivative liability due to conversion of NP2,271,889938,671
Dividends Payable$ 432,680$ 25,508