Liquidity and management's plans

6 Months Ended

Jun. 30, 2011

Liquidity and management's plans [Abstract]

Liquidity and management's plans

3.         Liquidity and management's plans

The Company raised approximately $2,421,000 through a private placement and borrowed $1,300,000 from a line of credit established with the Company's Chairman and CEO during the quarter ended June 30, 2011.  As of June 30, 2011, the Company had approximately $1,614,000 of cash and cash equivalents.  The Company reported total current assets of approximately $3,623,000 and current liabilities payable in cash of approximately $1,714,000 after adjusting for the short term earn-out liability payable in MiMedx common stock in the second quarter of 2012.  The Company believes that its anticipated cash from operations and existing cash and cash equivalents will enable the Company to meet its operational liquidity needs, fund its planned investing activities and pay its debt when due for the next twelve months.