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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (EUR €)
In Thousands, unless otherwise specified
9 Months Ended 281 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash Flow from Operating Activities      
Net income (loss) € 3,355 € (4,529) € (66,813)
Adjustments to reconcile net income (loss) to net cash used in operating activities      
Change in the fair value of acquisition-related contingent consideration (6,292) 570 (3,309)
Depreciation 14 21 820
Amortization of intangibles 0 0 481
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 0 (69)
Gain on extinguishment of debt 0 0 (774)
Services and fee paid in common stock 0 0 5,403
Stock compensation expense - options 3 34 359
Amortization of debt discount 0 0 1,410
Induced conversion cost 0 0 807
Warrant modification cost 0 0 484
Changes in operating assets and liabilities,      
Receivables 4 24 31
Accounts payable (868) 74 1,622
Other 589 1 (2)
Net cash used in operating activities (3,195) (3,805) (56,905)
Cash Flows from Investing Activities      
Patents and other 0 0 (393)
Proceeds from sale of equipment 0 0 137
Purchase of property and equipment (77) (1) (358)
Acquisition of subsidiary, 0 0 (4,942)
Cash acquired in reverse purchase 0 0 13
Net cash used in investing activities (77) (1) (5,543)
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 4,912 3,760 52,710
Decrease in notes payable and other short-term advances (1,151) 0 (2,641)
Loan fees 0   (130)
Net cash used in financing activities 3,761 3,760 62,541
Effect on foreign exchange rate on cash 28 (7) 710
Net change in cash 517 (53) 803
Cash, beginning of period 286 382 0
Cash, end of period 803 329 803
Supplemental Noncash Financing Activity:      
Issuance of shares on conversion of notes payable 0 1,165  
Supplemental Disclosure of Cash Flow Information:      
Cash Paid for Interest € 152 € 402