XML 31 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (EUR €)
In Thousands, unless otherwise specified
6 Months Ended 266 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Cash Flow from Operating Activities      
Net loss € (3,092) € (6,279) € (67,149)
Adjustments to reconcile net loss to net cash used in operating activities      
Change in the fair value of acquisition-related contingent consideration 538 3,015 2,741
Depreciation 19 27 803
Amortization of intangibles 0 96 481
Impairment of license contract 0 0 2,213
Goodwill impairment 0 0 209
Fees paid in warrants 0 0 223
Gain on sales of equipment 0 (1) (69)
Gain on extinguishment of debt 0 0 (774)
Services and fees paid in common stock 0 0 5,403
Stock compensation expense - options 28 55 352
Amortization of debt discount 0 600 1,410
Induced conversion cost 0 0 807
Warrant modification cost 0 0 484
Changes in operating assets and liabilities,      
Receivables 4 64 13
Accounts payable (195) (41) 1,411
Taxes and social costs payable 18 (25) 20
Other 3 (20) (6)
Net cash used in operating activities (2,677) (2,509) (51,428)
Cash Flows from Investing Activities      
Patents and other 0 0 (393)
Proceeds from sale of equipment 0 4 137
Purchase of property and equipment (1) 0 (281)
Acquisition of subsidiary, 0 0 (4,942)
Cash acquired in reverse purchase 0 0 13
Net cash used in investing activities (1) 4 (5,466)
Cash Flows from Financing Activities      
Proceeds from issuance of common stock 0 0 11,630
Borrowing from shareholders 0 0 972
Increase in notes payable and other short-term advances 2,957 1,034 45,909
Decrease in notes payable and other short-term advances 0 0 (1,490)
Loan fees 0   (130)
Net cash used in financing activities 2,957 1,034 56,891
Effect of foreign exchange rate on cash (2) (1) 662
Net change in cash 277 (1,472) 659
Cash, beginning of period 382 1,811 0
Cash, end of period 659 339 659
Supplemental Noncash Financing Activity:      
Issuance of shares on conversion of notes payable € 1,165 € 0