XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net loss $ (817,403) $ (139,191)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Imputed interest on advances from related party 5,108 0
Accretion of debt discount 133,268 0
Change in fair value of embedded conversion derivative liabilities (49,418) 0
Depreciation 15,382 6,634
Changes in operating assets and liabilities:    
Accounts receivable (493,641) (95,692)
Inventory (19,156) 37,329
Prepaid expenses and other current assets (437,033) (140)
Accounts payable and accrued liabilities 138,933 46,404
Due to related parties (31,063) 234,918
Net Cash (Used in) Provided by Operating Activities (1,555,023) 90,262
Investing Activities    
Purchase of property and equipment (49,769) (42,156)
Net Cash Used in Investing Activities (49,769) (42,156)
Financing Activities    
Net proceeds from convertible debt 1,450,000 0
Net proceeds from lines of credit 124,679 (2,899)
Net Cash Provided by Financing Activities 1,574,679 (2,899)
Net (Decrease) Increase in Cash (30,113) 45,207
Cash at Beginning of Period 38,658 6,812
Cash at End of Period 8,545 52,019
Supplemental Cash Flow Information:    
Interest paid 7,619 3,764
Income taxes paid 0 0
Non-Cash Financing Transactions:    
Allocation of convertible debt to embedded conversion derivative liabilities 1,192,127 0
Forgiveness of note payable - related party 90,582 0
Cancellation of shares 50,000 0
Effects of reverse merger $ 220,501 $ 0