XML 28 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Statement of Cash Flows [Abstract]    
Net loss $ (5,979,183) $ (5,700,822)
Depreciation and amortization 501,087 593,395
Gain on sale of supplies, equipment and securities (3,000) (62,189)
Stock-based compensation 452,320 438,139
Accounts receivable (937,084) 2,879
Prepaid expenses and other assets (357,451) 139,409
Accounts payable 83,661 346,330
Accrued expenses and compensation (675,134) (1,100,670)
Unearned revenues (38,709) 132,090
Net cash used in operating activities (6,953,493) (5,211,439)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of supplies and equipment 3,000 1,800
Proceeds from sale of available-for-sale investments    1,500,000
Net cash provided by investing activities 3,000 1,501,800
Payments on capital lease obligations (20,743) (9,583)
Payment of withholding taxes related to restricted stock units    (18,993)
Proceeds from sale of common stock units and warrant and exercise of common stock options    64,400
Net cash provided by (used in) financing activities (20,743) 35,824
NET DECREASE IN CASH AND CASH EQUIVALENTS (6,971,236) (3,673,815)
CASH AND CASH EQUIVALENTS, beginning of period 18,869,639 5,405,430
CASH AND CASH EQUIVALENTS, end of period 11,898,403 1,731,615
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 4,820 3,633
Unrealized gain on available-for-sale investments    $ (9,523)