XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities:    
Net income (loss) $ (263,119) $ 412,869
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 25,016 17,828
Amortization of debt discount 1,875 3,325
Amortization of debt issuance costs 0 34,804
Stock compensation Expense 50,777 70,365
Change in fair value of derivative instruments 178,844 16,721
Gain from the sale of Product Line 0 (499,525)
Change in assets and liabilities    
Accounts receivable 63,098 (163,918)
Notes receivable 0 2,673
Inventories (68,624) (111,026)
Prepaid expenses 36,810 66,279
Deposits and other assets 1,041 5,462
Accounts payable 237,372 101,162
Accrued expenses (133,533) (56,864)
Income taxes 0 254,734
Net cash provided by operating activities 129,557 154,889
Cash flows from investing activities:    
Purchase of property and equipment (64,462) (7,520)
Proceeds from the sale of Product Line 0 500,000
Marketable securities 54,485 0
Redemption of Investments 965,886 0
Net cash provided by investing activities 846,939 492,480
Cash flows from financing activities:    
Proceeds of notes payable 23,888 0
Payment of notes payable 0 (54,290)
Payment of vendor notes 0 (1,000)
Proceeds from line of credit 0 1,980,481
Repayment of line of credit 0 (1,828,858)
Deferred offering costs 0 (193,201)
Distributions to shareholder 0 (41,436)
Net cash provided by (used in) financing activities 23,888 (138,304)
Net increase in cash 1,000,384 509,065
Cash and cash equivalents, beginning of period 1,655,453 364,608
Cash and cash equivalents, end of period 2,655,837 873,673
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 11,929 63,394
Non-cash transactions    
Conversion of notes payable to common stock $ 0 $ 250,000