XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (755,000) $ (2,745,000)
Depreciation 280,000 264,000
Amortization of license fee 75,000 75,000
Stock-based compensation expense 169,000 320,000
Provision for write down of inventory 94,000 74,000
Amortization of debt issuance costs 23,000 642,000
Loss on abandonment of property   13,000
Accounts receivable (1,318,000) 22,000
Inventories (844,000) (162,000)
Prepaid expenses and other assets 9,000 210,000
Accounts payable and accrued expenses 729,000 96,000
Deferred income 117,000 (10,000)
Net cash used in operating activities (1,391,000) (1,201,000)
Cash flows from investing activities:    
Capital expenditures (223,000) (323,000)
Product acquisition costs (1,826,000)  
Net cash used in investing activities (2,049,000) (323,000)
Cash flows from financing activities:    
Proceeds from note payable, bank 2,000,000 1,000,000
Payment of debt issuance costs   (114,000)
Payment on note payable, related party   (500,000)
Principal payments on capital lease obligation (13,000) (36,000)
Proceeds from exercise of common stock options and warrants 372,000 35,000
Costs related to stock issuance (53,000)  
Net cash provided by financing activities 2,306,000 385,000
Net decrease in cash and cash equivalents (1,134,000) (1,139,000)
Cash and cash equivalents at beginning of period 2,536,000 [1] 2,914,000
Cash and cash equivalents at end of period 1,402,000 1,775,000
Cash payments for interest 102,000 81,000
Cash payment for taxes 10,000 9,000
Common stock issued for Series A Convertible Preferred stock 500,000  
Equipment purchases financed through capital leases   30,000
Forfeiture of restricted stock   1,000
Product Acquisition Costs [Member]
   
Cash flows from operating activities:    
Amortization of product acquisition costs $ 30,000  
[1] Derived from the audited December 31, 2012 financial statements