Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities:    
Net loss $ (1,770,503) $ (1,329,177)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 123,278 113,502
Amortization of intangibles 73,425 70,025
Amortization of debt discount and debt issuance costs 22,767 27,461
Amortization of deferred rent (20,965) (18,213)
Stock-based compensation 26,239 72,989
Loss on disposal of property and equipment 6,062 7,323
Loss on sale of businesses   648
Increase in inventory reserve 242,610 35,450
Changes in operating assets and liabilities:    
Trade accounts receivable, net 39,042 (23,689)
Inventories 251,818 (1,036,262)
Prepaid expenses (20,722) (50,374)
Other assets 25,497 4,863
Increase (decrease) in:    
Accounts payable, accrued liabilities and related party payable (33,217) 1,048,788
Accrued compensation and benefits (46,029) (35,739)
Other liabilities 24,000 (3,379)
Total adjustments 713,805 213,393
Net cash used in operating activities (1,056,698) (1,115,784)
Cash Flows from Investing Activities:    
Proceeds from the sale of businesses, net of transaction costs   1,110,334
Purchase of property and equipment (19,600) (78,180)
Patent and trademark costs (30,639) (40,663)
Proceeds from the sale of property and equipment 7,685  
Net cash (used in) provided by investing activities (42,554) 991,491
Cash Flows from Financing Activities:    
Proceeds from exercise of employee stock options and warrants, net   300,000
Net cash provided by financing activities   300,000
Net (decrease) increase in Cash and Cash Equivalents (1,099,252) 175,707
Cash and Cash Equivalents, beginning of period 3,014,656 5,308,900
Cash and Cash Equivalents, end of period $ 1,915,404 $ 5,484,607