XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (1,354,409) $ (333,641)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 56,301 280,108
Stock based compensation 6,165 11,810
Inventory reserve 6,892 (18,789)
Provision for income tax withholding 81,615   
Change in:    
Accounts receivable 13,834 (399,169)
Inventories 9,286 (90,936)
Prepaid expenses, other current assets and other assets (27,242) (12,528)
Trade accounts payable (30,494) 101,019
Other current liabilities 75,903 (1,199)
Long-term deferred revenue 3,000,000   
Short-term deferred revenue (1,815)   
Net cash provided by (used in) operating activities 1,836,036 (463,325)
Cash flows used in investing activities:    
Purchases of patents and trademarks (41,811) (11,998)
Net cash used in investing activities (41,811) (11,998)
Cash flows provided by financing activities:    
Proceeds from long-term debt,net 401,837   
Net cash provided by financing activities 401,837   
Net increase (decrease) in cash 2,196,062 (475,323)
Cash, beginning of year 1,000,422 1,746,363
Cash, end of period 3,196,484 1,271,040
Supplemental disclosures of cash flow information:    
Cash paid for Interest 1,298   
Cash paid for Income Taxes $ 86,888 $ 365