XML 29 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net income (loss) $ 9,806,459 $ (5,092,362)
Depreciation 115,309 529,686
Amortization of intangibles 12,315 55,173
Amortization of debt discount and deferred financing costs 16,667 21,733
Non-cash payment of performance bonus applied to convertible debenture (4,986,568)  
Loss (gain) on extinguishment of debt (5,908,693)  
Loss on sale of assets 222,199  
Change in net assets of disposal group 7,500 298,394
Change in conversion liabilities - related and unrelated (512,270) 783,786
Stock compensation   7,500
Accretion of asset retirement obligation   19,690
Interest accretion on notes receivable (35,704) (35,704)
Expenses incurred by issuance of debentures 188,774  
Forgiveness of debt   (120,630)
Change in accounts receivable (442,207) (179,695)
Change in prepaid expenses (415,011) 77,940
Change in inventory (21,344)  
Change in deposits change 835 (600)
Change in deferred revenue change (83,693)  
Change in accrued interest 1,448,204 1,414,005
Change in accrued interest - related party 420,308 441,610
Change in billings in excess 394,544  
Change in accounts payable and accrued expenses 756,316 676,394
Net cash provided by (used in) operating activities 983,940 (1,104,080)
Proceeds from sale of inventory components 43,600  
Proceeds from sale of property, plant and equipment 2,500,000  
Additions to and acquisition of property, plant and equipment (13,739) (145,573)
Loans to related party (17,060)  
Net cash provided by (used in) investing activities 2,512,801 (145,573)
Repayment of notes payable - related party (89,437)  
Proceeds from convertible debentures - related party 61,425 1,608,163
Loan due to an affiliate   (55,969)
Repayment of convertible debentures (2,000,000) (327,011)
Repayment of convertible debentures – related party (80,000)  
Net cash provided by (used in) financing activities (2,108,012) 1,225,183
Net increase (decrease) in cash 1,388,729 (24,470)
Cash at beginning of period 18,420 39,415
Cash at end of period $ 1,407,149 $ 14,945