XML 23 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 22 Months Ended 166 Months Ended
Jun. 30, 2011
Successor
Jun. 30, 2010
Successor
Jun. 30, 2011
Successor
Aug. 31, 2009
Predecessor
Aug. 31, 2009
Predecessor
Series A Preferred Stock
Aug. 31, 2009
Predecessor
Series B Preferred Stock
Aug. 31, 2009
Predecessor
Series D Preferred Stock [Member]
Cash flows from operating activities:              
Net loss $ (27,210,462) $ (6,459,340) $ (45,191,992) $ (115,322,121)      
Adjustments to reconcile net loss to net cash used in operating activities:              
Reorganization items, net 0 0 72,477 (74,648,976)      
Expense related to equity awards and issuance of stock 2,402,730 633,985 4,276,489 10,608,999      
Warrant expense (income) 9,806,882 (295,186) 10,591,198 0      
Derivative revaluation (expense) (8,182,138) 0 (8,182,138) 0      
Uncompensated contribution of services 0 0 0 755,556      
Depreciation and amortization 12,590 3,140 20,675 9,091,990      
Provision for doubtful accounts (12,280) (15,791) (66,717) 337,810      
Provision for excessive and/or obsolete inventory 5,178 (13,857) (43,524) 259,427      
Amortization of debt issue costs 0 0 0 4,107,067      
Amortization of debt discounts on investments 0 0 0 (508,983)      
Loss on disposal or impairment of property and equipment 0 0 0 17,668,477      
Foreign exchange loss (gain) on substantial liquidation of foreign entity (4,988) 4,333 (12,674) (2,256,408)      
Net (loss) income attributable to noncontrolling interest 46,552 16,388 113,943 (1,799,523)      
Change in operating assets and liabilities, excluding effects of acquisition:              
Decrease (increase) in accounts receivable 3,626 6,512 74,856 (91,496)      
Decrease (increase) in other receivables 485 (96) 1,192 218,978      
Decrease (increase) in inventory (12,931) 6,111 45,451 (455,282)      
Decrease in prepaid expenses 201,058 198,762 (1,048) 34,341      
Decrease in other assets 0 0 4,120 71,000      
Increase (decrease) in accounts payable (325,914) 535,134 632,810 57,648      
Increase in accrued expenses, liabilities subject to compromise and other liabilities 301,757 1,004,250 1,132,103 3,311,552      
Decrease in deferred revenue 0   0 (50,096)      
Net cash used in operating activities (6,603,579) (4,375,655) (20,168,503) (148,610,040)      
Cash flows from investing activities:              
Acquisition of Agera, net of cash acquired 0 0 0 (2,016,520)      
Purchase of property and equipment (700,513) (29,675) (730,187) (25,515,170)      
Proceeds from the sale of property and equipment, net of selling costs 0 0 0 6,542,434      
Purchase of investments 0 0 0 (152,998,313)      
Proceeds from sales and maturities of investments 0 0 0 153,507,000      
Net cash used in investing activities (700,513) (29,675) (730,187) (20,480,569)      
Cash flows from financing activities:              
Proceeds from convertible debt 0 0 0 91,450,000      
Offering costs associated with the issuance of convertible debt 0 0 0 (3,746,193)      
Proceeds from notes payable to shareholders, net 0 0 0 135,667      
Proceeds from the issuance of redeemable preferred stock net         12,931,800 0 0
Proceeds from exercise of warrants   0 1,973,364 0      
Proceeds from the issuance of common stock, net 1,580,560 3,469,400 6,849,960 93,753,857      
Costs associated with secured loan and debtor-in-possession loan 0 0 0 (360,872)      
Proceeds from secured loan 0 0 0 500,471      
Proceeds from debtor-in-possession loan 0 0 0 2,750,000      
Payments on insurance loan (48,655) (40,861) (134,229) (79,319)      
Cash dividends paid on preferred stock (304,384) (91,000) (444,134) (1,087,200)      
Cash paid for fractional shares of preferred stock 0 0 0 (38,108)      
Merger and acquisition expenses 0 0 0 (48,547)      
Repurchase of common stock 0 0 0 (26,024,280)      
Net cash provided by financing activities 9,036,865 3,337,539 22,479,911 170,137,276      
Effect of exchange rate changes on cash balances 5,870 (4,662) 14,884 (36,391)      
Net increase (decrease) in cash and cash equivalents 1,738,643 (1,072,453) 1,596,105 1,010,276      
Cash and cash equivalents, beginning of period 867,738 1,362,488 1,010,276        
Cash and cash equivalents, end of period 2,606,381 290,035 2,606,381 1,010,276      
Supplemental disclosures of cash flow information:              
Predecessor cash paid for interest 0 0 0 12,715,283      
Successor cash paid for dividends 304,384 91,000 444,134 0      
Non-cash investing and financing activities:              
Predecessor deemed dividend associated with beneficial conversion of preferred stock 0 0 0 (11,423,824)      
Predecessor preferred stock dividend 0 0 0 1,589,861      
Successor accrued preferred stock dividend 366,135 97,011 366,135 0      
Predecessor uncompensated contribution of services 0 0 0 755,556      
Predecessor common stock issued for intangible assets 0 0 0 540,000      
Predecessor common stock issued in connection with conversion of debt 0 0 0 10,814,000      
Predecessor equipment acquired through capital lease 0 0 0 167,154      
Successor/Predecessor financing of insurance premiums 0 0 178,582 87,623      
Successor issuance of notes payable 0 0 0 6,000,060      
Successor common stock issued in connection with reorganization 0 0 0 5,472,000      
Successor intangible assets 0 0 0 6,340,656      
Successor deferred tax liability in connection with fresh-start 0 0 0 2,500,000      
Elimination of Predecessor common stock and fresh start adjustment 0 0 0 14,780,320      
Successor accrued warrant liability 4,994,307 2,890,711 12,381,509 0      
Successor conversion of preferred stock Series A balance and derivative balance into common stock 4,072,053 0 4,436,053 0 0    
Successor exercise of warrants-cashless 341,424 0 341,424 0      
Successor accrued derivative liability $ 372,495 $ 0 $ 2,492,855 $ 0