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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net loss $ (24,189,602) [1] $ (5,433,127)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 319,207 107,552
Amortization of discounts 685,761 510,220
Change in fair value of warrants for redeemable preferred stock 214,478 (405,839)
Change in fair value of derivative liabilities 15,106,387 (765,580)
Share-based compensation 745,746 673,617
Interest expense paid in shares of common stock 541,515 178,779
(Decrease) increase in allowance for doubtful accounts (131,996) 99,265
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (438,349) 409,875
Inventories (629,562) (1,560,462)
Prepaid expenses (46,517) 48,819
Accounts payable 511,701 (285,068)
Accrued liabilities 118,278 215,237
Net cash used in operating activities (7,192,953) (6,206,712)
Cash flows from investing activities:    
Purchase of property and equipment (1,813,478) (1,065,631)
Acquisition, net of cash (6,001,847) 0
Net cash used in investing activities (7,815,325) (1,065,631)
Cash flows from financing activities:    
Proceeds from issuance of 8% convertible promissory notes, net 5,950,001 6,874,976
Proceeds from issuance of 12% revolving credit facility 2,000,000 0
Proceeds from 4.25% bank term loans 4,500,000 0
Recovery of shareholder short swing profits 3,095,308 0
Repayments on convertible debt 0 (772,500)
Repayment of revolving credit agreement 0 (466,000)
Net cash provided by financing activities 15,545,309 5,636,476
Net increase (decrease) in cash and cash equivalents 537,031 (1,635,867)
Cash and cash equivalents at beginning of period 346,905 1,982,772
Cash and cash equivalents at end of period 883,936 346,905
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,839 69,682
Non-cash investing and financing activities:    
Shares issued pursuant to conversion of preferred stock and debt 114,000 462,500
Shares issued in payment of dividends on 10% convertible preferred stock 533,569 870,440
Dividends on 10% convertible preferred stock 716,915 693,820
Amortization of conversion feature of 10% convertible preferred stock 916,232 973,130
Fair value of warrants issued with 8% convertible promissory notes 334,059 443,309
Fair value of conversion options of 8% convertible promissory notes 919,554 1,025,691
Redeemable common stock reclassified to permanent equity 0 242,500
Bonus warrants granted $ 0 $ 57,034
[1] As the acquisition of the plastics recycling company which provided a second segment to our business, was acquired in November 2013, we did not report segment information for the year ended December 31, 2012.