XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Condensed Consolidated Statements of Cash Flows (unaudited)    
Net Cash Used in Operating Activities $ (79,555) $ (135,373)
Cash Flows From Investing Activities    
Proceeds from sale of property and equipment 0 127,551
Increase to Note Receivable (403) (17,270)
Increases from restricted cash (256) (353)
Purchases of intangible assets 0 (7,500)
Purchases of property and equipment (4,628) (6,152)
Net cash provided (used) in investing activities (5,287) 96,276
Cash Flows From Financing Activities    
Proceeds from stock warrants exercised 123,923 0
Proceeds from stock options exercised 0 985
Borrowings on long-term debt 41,835 114,989
Net borrowings (repayments) on line-of-credit (5,000) 95,000
Principal payments on long-term obligations (125,735) (204,359)
Net cash provided by financing activities 35,023 6,615
Net Decrease in Cash and Cash Equivalents (49,819) (32,482)
Cash and Cash Equivalents - Beginning 52,625 44,498
Cash and Cash Equivalents - Ending 2,806 12,016
Supplemental disclosure of cash flows information:    
Cash paid during the six months for interest 56,402 55,739
Non-cash investing and financing activities:    
During the six months ended June 30, 2013, the Company issued common stock with a fair value of $98,600 as part of three consulting contracts. 98,600 0
During the three months ended June 30, 2013, the Company issued common stock with a fair value of $487,900 as part of a consulting contract. 487,900 0
During the three months ended June 30, 2012, the Company issued common stock with a fair value of $69,333 as part of a consulting contract. $ 0 $ 69,333