XML 56 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities    
Net loss $ (10,609,577)us-gaap_NetIncomeLoss $ (10,270,015)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of equipment and improvements 267,003dsci_DepreciationAndAmortizationPropertyPlantAndEquipment 224,692dsci_DepreciationAndAmortizationPropertyPlantAndEquipment
Amortization of identifiable intangible assets 746,065us-gaap_AmortizationOfIntangibleAssets 724,896us-gaap_AmortizationOfIntangibleAssets
Provision for bad debts 37,585dsci_ProvisionForReductionOfDoubtfulAccounts 3,851dsci_ProvisionForReductionOfDoubtfulAccounts
Allowance for sales adjustments 27,406us-gaap_OtherNoncashIncomeExpense (17,921)us-gaap_OtherNoncashIncomeExpense
Provision for inventory obsolescence (74,219)dsci_ProvisionForReductionInventoryReserves 63,324dsci_ProvisionForReductionInventoryReserves
Deferred rent (24,396)us-gaap_OtherOperatingActivitiesCashFlowStatement (7,677)us-gaap_OtherOperatingActivitiesCashFlowStatement
Stock-based compensation 1,556,311us-gaap_ShareBasedCompensation 2,042,236us-gaap_ShareBasedCompensation
Deferred income taxes 3,306us-gaap_DeferredIncomeTaxExpenseBenefit (4,418)us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in operating assets and liabilities:    
Accounts receivable 448,814us-gaap_IncreaseDecreaseInAccountsReceivable (360,910)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (2,971,412)us-gaap_IncreaseDecreaseInInventories (2,018,005)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 137,711us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (356,750)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets    30,129us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 1,304,445us-gaap_IncreaseDecreaseInAccountsPayable 1,069,511us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other current liabilities (1,576,478)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (2,782,663)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Net cash used in operating activities (10,727,436)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (11,659,720)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing Activities    
Purchase of investments (20,000,000)us-gaap_PaymentsToAcquireInvestments (25,000,000)us-gaap_PaymentsToAcquireInvestments
Proceeds from sale of investments 25,996,000dsci_ProceedsFromSalesOfInvestments 6,234,000dsci_ProceedsFromSalesOfInvestments
Purchase of equipment and improvements (433,135)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (350,538)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of intangible assets    (1,250,000)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash provided by (used in) investing activities 5,562,865us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (20,366,538)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing Activities    
Proceeds from the sale of common stock, net of costs    80,616,032us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from exercise of stock options and warrants, net of costs 1,885,630us-gaap_ProceedsFromStockOptionsExercised 2,086,078us-gaap_ProceedsFromStockOptionsExercised
Payment of withholding taxes related to employee stock-based compensation (67,409)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (121,618)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Net cash provided by financing activities 1,818,221us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 82,580,492us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents 447,230us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 91,745us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash and cash equivalents (2,899,120)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 50,645,979us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents    
Beginning of period 19,396,845us-gaap_CashAndCashEquivalentsAtCarryingValue 6,501,586us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period 16,497,725us-gaap_CashAndCashEquivalentsAtCarryingValue 57,147,565us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Issuance of a warrant in connection with a licensing agreement    129,750dsci_WarrantsIssued
Cash paid during the year for interest    $ 5,442us-gaap_InterestPaid