XML 31 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (10,213,755) $ (8,313,090)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 315,909 526,789
Compensation associated with issuance of stock options 437,706 1,355,752
Impairment of goodwill and intangible assets 4,205,000  
Accretion of royalty liability 20,350  
Changes in assets and liabilities:    
Decrease in accounts receivable 2,407,878 2,904,106
Decrease (increase) in prepaid expenses and other current assets (197,640) 20,332
Decrease (increase) in other assets (3,304) 9,447
Increase in accounts payable and accrued expenses 1,055,164 854,285
Increase (decrease) in deferred revenue 682,955 (855,051)
Decrease in royalty liability (102,293) (95,219)
Increase (decrease) in other long-term liabilities 231 (9,873)
Net cash used in operating activities (1,391,799) (3,602,522)
Cash flows from investing activities:    
Acquisition of property and equipment (93,923) (47,358)
Net cash used in investing activities (93,923) (47,358)
Cash flows from financing activities:    
Payments on capital lease obligation (18,896) (17,504)
Proceeds from exercise of warrants   118,250
Proceeds from employee stock option exercises 42,039 60,552
Net proceeds from issuance of common stock 1,172,946 2,359,382
Net cash provided by financing activities 1,196,089 2,520,680
Net decrease in cash and cash equivalents (289,633) (1,129,200)
Cash and cash equivalents at beginning of period 2,112,769 3,385,035
Cash and cash equivalents at end of period 1,823,136 2,255,835
Non-cash financing activities:    
Cashless exercise of warrants   133
Cash paid during the period for:    
Interest $ 45,229 $ 2,126