XML 65 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (554)us-gaap_NetIncomeLoss $ (861)us-gaap_NetIncomeLoss
Adjustment to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 40us-gaap_DepreciationAndAmortization 36us-gaap_DepreciationAndAmortization
Stock based compensation 159us-gaap_ShareBasedCompensation 0us-gaap_ShareBasedCompensation
Derivative gain (98)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (220)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Common stock issued for services 29us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Accretion of debt discount 115us-gaap_AccretionExpense 381us-gaap_AccretionExpense
Changes in operating assets and liabilities:    
Accounts receivable 11us-gaap_IncreaseDecreaseInAccountsReceivable (1)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 0us-gaap_IncreaseDecreaseInInventories (77)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets 4us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 0us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable, trade and accrued liabilities (42)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (86)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Unearned revenue 0us-gaap_IncreaseDecreaseInDeferredRevenue (21)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used in operating activities (336)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (695)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of property and equipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities 0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Payments on note payable (7)us-gaap_RepaymentsOfNotesPayable (24)us-gaap_RepaymentsOfNotesPayable
Payment of noninterest bearing advances (36)us-gaap_RepaymentsOfOtherDebt (165)us-gaap_RepaymentsOfOtherDebt
Proceeds from convertible debt 0us-gaap_ProceedsFromConvertibleDebt 320us-gaap_ProceedsFromConvertibleDebt
Proceeds from issuance of common stock 250us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by financing activities 207us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 131us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (129)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (566)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 208us-gaap_CashAndCashEquivalentsAtCarryingValue 1,744us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 79us-gaap_CashAndCashEquivalentsAtCarryingValue 1,178us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow information:    
Interest paid 14us-gaap_InterestPaid 8us-gaap_InterestPaid
Income taxes paid 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Non-cash disclosures    
Conversion of convertible debenture, accrued interest and derivative liability to common stock payable 0posc_ConversationOfConvertibleDebentureAccruedInterestAndDerivativeLiabilityToCommonStockPayable 6,893posc_ConversationOfConvertibleDebentureAccruedInterestAndDerivativeLiabilityToCommonStockPayable
Series B Preferred Stock    
Non-cash disclosures    
Conversion of preferred stock to common stock $ 13us-gaap_ConversionOfStockAmountIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
$ 0us-gaap_ConversionOfStockAmountIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember