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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended 116 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash flows from operating activities      
Net loss $ (6,896,479) $ (4,091,439) $ (107,577,266)
Adjustments to reconcile net loss to net cash used in operating activities      
Stock payable for acquired research and development     112,440
Stock issued for acquired research and development     26,286,589
Stock issued for services   87,028 2,061,743
Stock issued for debt in excess of principal     109,070
Amortization of discount on notes payable due to warrants and beneficial conversion feature 34,600   6,787,298
Gain on extinguishment of debt     (1,612,440)
Depreciation 225,365 157,254 1,571,846
Amortization of debt financing costs 24,710   549,088
Option expense 542,766 385,811 16,117,973
Gain on derivative instruments 136,889   (1,251,959)
Loss on disposition of fixed assets   413 510,248
Changes in:      
Other current assets (1,025,807) (20,120) (1,567,253)
Accounts payable - third parties and related parties (130,278) 59,817 (219,519)
Accrued expenses (219,372) (49,976) 302,848
Net cash used in operating activities (7,307,606) (3,471,212) (57,819,294)
Cash flows from investing activities      
Purchase of property & equipment (512,048) (284,017) (2,183,858)
Restricted cash (1,000,000)   (1,000,000)
Net cash used in investing activities (1,512,048) (284,017) (3,183,858)
Cash flows from financing activities      
Common stock and warrants sold for cash, net of offering costs   8,618,157 49,072,488
Convertible promissory notes and warrants sold for cash, net of offering costs         
Common stock repurchased and canceled     (325)
Proceeds from exercise of warrants and options     1,248,588
Proceeds from third party debt 3,455,000   12,738,184
Proceeds from related party debt 630,000   630,000
Debt financing costs (136,943)   (136,943)
Repayments on notes payable   (35,607) (311,222)
Net cash provided by financing activities 3,948,057 8,582,550 63,240,770
Net change in cash and cash equivalents (4,871,597) 4,827,321 2,237,618
Cash and cash equivalents at beginning of period 7,109,215 3,812,535  
Cash and cash equivalents at end of period 2,237,618 8,639,856 2,237,618
Cash paid for:      
Income tax         
Interest 1,460 2,643 154,623
NON-CASH TRANSACTIONS      
Issuance of common stock to Sportan shareholders     147,733
Issuance of common stock for accrued interest     603,604
Issuance of warrants to placement agent     37,453
Conversion of notes payable to common stock     7,709,980
Conversion of accrued liabilities to common stock     197,176
Conversion of accounts payable to note payable     93,364
Discount on convertible notes relating to:      
Warrants 2,314,635   5,974,372
Beneficial conversion feature 1,497,634   3,303,153
Stock attached to notes     1,287,440
Fair value of derivative instrument     4,680,220
Derivative reclassified to equity     587,609
Unpaid additions to property and equipment 11,730 10,911 11,730
Unpaid additions to deferred financing costs $ 170,831   $ 170,831