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CONSOLIDATED STATEMENTS OF CASH FLOWS (EUR €)
In Thousands, unless otherwise specified
12 Months Ended 272 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Cash Flows from Operating Activities      
Net loss € (6,111) € (10,539) € (70,168)
Adjustments to reconcile net loss to net cash used in operating activities      
Change in the fair value of acquisition-related contingent consideration 780 2,541 2,983
Depreciation 22 57 806
Amortization of intangibles 0 144 481
Impairment of license contract 0 2,213 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 32 86 356
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 18 39 27
Accounts payable 298 (339) 1,906
Taxes and social costs payable 0 0 0
Other 2 (24) (7)
Net cash used in operating activities (4,959) (5,223) (53,710)
Cash Flows from Investing Activities      
Patents and other 0 0 (393)
Proceeds from sale of equipment 0 0 137
Purchase of property and equipment (1) (29) (281)
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 (1) (29) (5,466)
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 4,846 3,820 47,798
Decrease in notes payable and other short-term advances 0 0 (1,490)
Loan fees 0 0 (130)
Net cash provided by financing activities 4,846 3,820 58,780
Effect of foreign exchange rate on cash 18 3 682
Net increase (decrease) in cash (96) (1,429) 286
Cash, beginning of period 382 1,811 0
Cash, end of period 286 382 286
Non-cash investing and financing activities      
Issuance of shares on conversion of notes payable 1,165 3,479  
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest € 511 € 0