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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 47 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (1,941,440) $ (1,062,917) $ (11,673,347)
Common shares issued for services 155,969 0 226,969
Compensation cost for stock options granted 274,512 44,882 566,776
Loss on reduction of inventory to LCM 0 23,807 121,910
Loan initiation fee accrued for notes payable 0 0 2,000
Depreciation and amortization 98,945 8,529 245,120
Adjustments to reconcile net loss to net cash provided by operating activities:      
Increase in accounts receivable (117,675) (44,110) (259,340)
Increase in inventory 0 (23,807) (121,910)
Increase (Decrease) in prepaid expenses (90,789) 14,059 (213,422)
Increase in security deposits 0 (32,789) (36,448)
(Decrease) Increase in accounts payable (33,626) 31,951 34,591
Increase in accrued expenses 319,292 35,246 1,946,674
Net cash used in operating activities (1,334,812) (1,005,149) (9,160,427)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of furniture & fixtures 0 0 (191,047)
Purchase of software (8,500) 0 (88,966)
Net cash used in investing activities (8,500) 0 (280,013)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net proceeds from issuance of common stocks and warrants 1,003,314 0 10,827,639
(Repayments of) proceeds from bank line of credit 0 (750,000) 0
Repayments of loans from related parties 0 (6,178) (2,000)
Cash released from (restricted for) commercial line of credit 0 750,000 0
Net cash provided by (used in) financing activities 1,003,314 (6,178) 10,825,639
NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS (339,998) (1,011,327) 1,385,199
CASH & CASH EQUIVALENTS, BEGINNING BALANCE 1,725,197 1,910,821 0
CASH & CASH EQUIVALENTS, ENDING BALANCE 1,385,199 899,494 1,385,199
SUPPLEMENTAL DISCLOSURES:      
Interest paid 2,682 1,613 35,389
Income taxes paid 0 0 250
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Common stock and warrants issued for asset purchase 0 0 4,674,853
Options issued for previously accrued director compensation 0 0 45,000
Commitment shares issued for shares distributed for capital contribution 2,387,250 0 2,387,250
Amortization of commitment shares issued for shares distributed for capital contribution $ 79,575 $ 0 $ 79,575