XML 29 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (189,117) $ (335,024)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 7,782 14,218
Interest expense related to amortization of non-cash discount, non-cash beneficial conversion feature and deferred financing costs 44,015   
Non-cash expense related to common stock issued with notes payable 25,236   
Non-cash expenses related to common stock warrants issued for consulting 51,189   
Net Gain on settlement of accounts payable 17,515 1,557
Gain(loss) on disposition of assets    220,192
(Increase) decrease in:    
Accounts receivable 18 (4,607)
Interest receivable (4,000) 4,000
Inventories 198 631
Prepaid expenses 6,389 2,723
Increase (decrease) in:    
Accounts payable 2,629 (55,011)
Accrued expenses (8,221) (70,250)
Deferred revenue    3,900
Net Cash Used by Operating Activities (46,367) (217,721)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash proceeds from sale of equipment (5,475)   
Net Cash Provided (Used) by Investing Activities (5,475)   
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash proceeds from the issuance of notes payable 45,000   
Net Cash Provided by Financing Activities 45,000   
Net Decrease in Cash and Cash Equivalents (6,842) (217,721)
Cash and Cash Equivalents, Beginning of Period 7,565 229,944
Cash and Cash Equivalents, End of Period 723 12,223
Supplemental Cash Flow Disclosures:    
Interest expense paid in cash    574
Income tax paid      
NON CASH INVESTING & FINANCING ACTIVITIES:    
Shares issued for accounts payable 51,189 128,000
Fair value of warrants issued as compensation $ (65,859)