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Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net loss $ (1,098,358) $ (1,555,329)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of equipment and improvements 515,975 485,242
Amortization of intangible assets 847,000 807,300
Amortization of deferred financing costs 51,854 61,575
Loss on debt extinguishment   114,072
Provision of bad debts 18,000 9,312
Allowance for sales adjustments 712 (32)
Provision for inventory obsolescence 190,024 247,967
Loss on disposal of equipment 2,730  
Deferred rent expense 88,271 (10,422)
Compensation charge for employee stock options 492,428 417,130
Compensation charge for restricted stock 154,081 17,067
Deferred income taxes 26,617 48,967
Changes in operating assets and liabilities:    
Accounts receivable (362,112) (1,316,098)
Inventories 898,635 (2,758,137)
Prepaid expenses and other current assets (903,461) 22,005
Other assets (317) 310,662
Accounts payable 493,181 615,278
Accrued expenses and other current liabilities (288,973) 737,782
Long-term liabilities (985) (4,481)
Net cash provided by (used in) operating activities 1,125,302 (1,750,140)
Investing Activities    
Purchase of equipment and improvements (687,238) (139,236)
Purchase of intangible asset   (2,250,000)
Net cash used in investing activities (687,238) (2,389,236)
Financing Activities    
Net change in bank line of credit 264,621 1,801,170
Long-term debt repayments (5,851) (4,042,027)
Net change in restricted cash   2,032,164
Proceeds from sale of common stock, net of issuance costs 26,816,477 4,491,279
Net cash provided by financing activities 27,075,247 4,282,586
Effect of exchange rate changes on cash and cash equivalents 63,697 (1,310)
Net increase in cash and cash equivalents 27,577,008 141,900
Cash and cash equivalents    
Beginning of period 404,216 243,524
End of period 27,981,224 385,424
Supplemental disclosures of cash flow information:    
Purchase of license rights   4,667,126
Issuance of common stock and warrants   (2,417,126)
Cash paid   2,250,000
Issuance of warrants and stock options for payment of offering costs 490,980 121,634
Cash paid during the period for:    
Interest $ 188,611 $ 257,685