XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Cash Flows From Operating Activities    
Net income (loss) $ 478,803 $ (8,425,810)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation of leasehold improvements and equipment 134,325 166,748
Amortization of intangibles 10,621 6,799
Share-based compensation expense 728,349 1,264,524
Gain on sale of assets (2,891,917)   
Loss from disposal of equipment    1,879
Interest added to note receivable (31,824)   
Changes in operating assets and liabilities:    
Trade receivables 770,994 (264,536)
Inventories (206,824) (2,348,197)
Prepaid expenses and other assets (51,010) 369,527
Accounts payable (907,337) 1,151,141
Accrued expenses (150,095) (213,521)
Customer deposits and other 26,557 (30,081)
Deferred rent 3,298 (30,034)
Net cash used in operating activities (2,086,060) (8,351,561)
Cash Flows From Investing Activities    
Purchases of leasehold improvements and equipment (39,011) (12,214)
Purchase of intangible assets (40,000) (2,000)
Proceeds from sale of assets 750,000   
Net cash provided by (used in) investing activities 670,989 (14,214)
Cash Flows From Financing Activities    
Proceeds from issuance of common stock, net of issuance costs    10,158,438
Proceeds from exercise of stock options 131,769   
Proceeds from exercise of warrants 1,638,748 45,000
Principal payments on capital leases (48,815) (44,806)
Net cash provided by financing activities 1,721,702 10,158,632
Net increase in cash 306,631 1,792,857
Cash Beginning of Period 520,000 420,152
Cash Ending of Period 826,631 2,213,009
Supplemental Disclosures of Cash Flow Information    
Cash payments for interest 15,852 15,827
Supplemental Schedule of Noncash Investing Activity    
Capital lease obligation incurred for the purchase of equipment 171,851 50,786
Supplemental Schedule of Noncash Share-based Compensation    
Stock awards issued for services prior to the period 14,560   
Changes in stock and warrant awards issued for future services 206,697   
Supplemental Schedule of Noncash Activities Related to Sale of BlueScience Consumer Product Line    
Assets transferred 3,526,677   
Liabilities transferred 368,873   
Consideration received, net of $750,000 cash proceeds $ 5,299,721