XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (9,583,756) $ (6,941,171)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:    
Stock based compensation - stock options vested 1,547,826 2,113,816
Preferred and common shares issued for director fees 160,000 201,400
Shares & Warrants issued for Services 161,250 601,976
Amortization of Debt Discount 78,819 2,621,704
Depreciation 682,134 715,723
Gain on disposal of equipment (49,101) 0
Change in derivative liability, net of bifurcation 1,514,156 (3,396,298)
Loss on debt extinguishment 0 193,771
Loss on preferred stock conversion 728 0
Settlement loss payable in common stock 1,881,250 0
Settlement loss accrual 110,000 0
Gain on liquidating damages 0 (74,850)
Changes in operating assets and liabilities:    
Accounts receivable 16,021 (109,868)
Inventory (212,460) (169,734)
Prepaid expenses and other assets (28,244) (12,291)
Letter of credit (437,935) (85,215)
Accounts payable and accrued expenses 77,364 9,439
CASH USED FOR OPERATING ACTIVITIES (4,081,948) (4,331,598)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets 0 (852,393)
Proceeds from sale of fixed assets 110,000 0
CASH PROVIDED BY/(USED FOR) INVESTING ACTIVITIES 110,000 (852,393)
CASH FLOWS FROM FINANCING ACTIVITES    
Proceeds from sale of preferred stock 0 3,326,698
Proceeds from sale of common stock 3,789,928 3,353
Proceeds from exercise of stock options 9,526 0
Proceeds from exercise of warrants 304,225 0
Borrowing on debt 200,000 0
Principal payment on debt 0 (160,000)
CASH PROVIDED BY FINANCING ACTIVITIES 4,303,679 3,170,051
NET INCREASE (DECREASE) IN CASH 331,731 (2,013,940)
CASH AT BEGINNING OF PERIOD 313,073 2,327,013
CASH AT THE PERIOD ENDED SEPTEMBER 30 644,804 313,073
Supplemental Disclosures of Cash Flow Information:    
Cash less exercise of warrants 10 0
Cashless exercise of options 7 0
Note payable conversion 1,871,034 5,023,375
Preferred stock conversion 5,493,914 126,440
Discount on preferred stock 0 3,386,697
Amortization on preferred stock discount 3,684,317 2,990,327
Change in derivative liability due to exercise of warrants 2,864,275 34,388
Change in derivative liability due to conversion of note payable 48,619 2,410,865
Change in derivative liability due to conversion of preferred stock 1,607,313 42,069
Dividends payable declared 584,135 601,122
Unvested shares returned by vendor 2 0
Discount on convertible debt due to attached warrants 40,508 0
Dividends payable reclassed to equity with preferred stock modification 476,857 0
Preferred stock series II reclassed to equity with modification $ 2,157,238 $ 0