XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (EUR €)
In Thousands, unless otherwise specified
12 Months Ended 260 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Cash Flows from Operating Activities      
Net loss € (10,539) € (11,428) € (64,057)
Adjustments to reconcile net loss to net cash used in operating activities      
Change in the fair value of acquisition-related contingent consideration 2,541 1,276 2,203
Depreciation 57 115 784
Amortization of intangibles 144 193 481
Impairment of license contract 2,213 0 2,213
Goodwill impairment 0 0 209
Fees paid in warrants 0 0 223
Gain on sales of equipment (1) (68) (69)
Gain on extinguishment of debt 0 0 (774)
Services and fees paid in common stock 0 179 5,403
Stock compensation expense-options 86 238 324
Amortization of debt discount 600 600 1,410
Induced Conversion Of Convertible Debt Expense 0 807 807
Warrant modification cost 0 484 484
Changes in operating assets and liabilities,      
Receivables 39 (55) 9
Accounts payable (315) (200) 1,606
Taxes and social costs payable (24) (15) 2
Other (24) 4 (9)
Net cash used in operating activities (5,223) (7,870) (48,751)
Cash Flows from Investing Activities      
Patents and other 0 0 (393)
Proceeds from sale of equipment 0 137 137
Purchase of property and equipment (29) (28) (280)
Acquisition of subsidiary, net of cash acquired of E58 0 0 (4,942)
Cash acquired in reverse purchase 0 0 13
Net cash used in investing activities (29) 109 (5,465)
Cash Flows from Financing Activities      
Proceeds from the issuance of common stock and warrants 0 0 11,630
Borrowings from shareholders 0 0 972
Increase in notes payable and other short-term advances 3,820 6,633 42,952
Decrease in notes payable and other short-term advances 0 0 (1,490)
Loan fees 0 0 (130)
Net cash provided by financing activities 3,820 6,633 53,934
Effect of foreign exchange rate on cash 3 (20) 664
Net increase (decrease) in cash (1,429) (1,148) 382
Cash, beginning of period 1,811 2,959 0
Cash, end of period 382 1,811 382
Non-cash investing and financing activities      
Issuance of warrant in conjunction with note payable 0 1,200  
Issuance of shares on conversion of notes payable € 3,478 € 5,988