Supplemental Cash Flow Disclosures - Non-Cash Transactions

12 Months Ended

Dec. 31, 2011

Supplemental Cash Flow Disclosures - Non-Cash Transactions

Note 19 — Supplemental Cash Flow Disclosures — Non-Cash Transactions

Non-cash Investing and Financing transactions for years ended December 31 include:

	2011			2010
Accrued dividends on preferred stock	$	346,236		$	275,068
Preferred dividends paid by issuance of stock		333,556			189,500
Reclassification of derivative liabilities for modified warrant agreements		1,434,322			—
Discharge of previously deferred financing costs for modified warrant agreements		(136,543	)		—
Derivative liability for embedded conversion option		(2,085,513	)		—
Conversion of convertible debt to common stock		(600,000	)
Business acquisitions:
Inventory acquired		—			1,151,035
Property and equipment acquired		—			768,000
Goodwill and intangible assets		—			4,089,823
Deferred charges		—			655,260
Note Payable for balance of acquisition		—			(4,008,858	)

Cash paid for interest was $424,000 and $371,000 in 2011 and 2010, respectively. There were no income taxes paid in 2011 and 2010.