v2.4.0.6
Condensed Consolidated Statement Of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Mar. 31, 2013
Cash flows from operating activities:  
Net loss $ (1,344,436)
Adjustments to reconcile net loss to net cash used in operating activities:  
Share-based compensation expense 452,087
Stock issued for services 253,455
Amortization of license acquisition costs 1,998
Amortization of deferred financing costs 656,623
Amortization of debt discount 551,502
Depreciation 89,262
Derivative liability (3,299,793)
Change in operating assets and liabilities:  
Accounts receivable (101,553)
Due from factor (526,273)
Prepaid royalty 380,704
License acquisition costs (8,902)
Inventory (1,837,553)
Deposit (1,500)
Prepaid expenses (91,667)
Prepaid inventory (65,686)
Accounts payable 2,144,990
Accrued expenses and other current liabilities 433,868
Due to Gold Grenade, LLC (108,475)
Net cash used in operating activities (2,421,349)
Cash flows from investing activities:  
Acquisition of property and equipment (876,549)
Net cash used in investing activities (876,549)
Cash flows from financing activities:  
Issuance of common stock, net of financing fees 783,480
Purchase of treasury stock and warrants (125,000)
Proceeds from short term loans 1,335,000
Paydown of short term loans (1,335,000)
Proceeds from convertible debt, net of deferred financing fees 2,605,284
Net cash provided by financing activities 3,263,764
Net change in cash (34,134)
Cash at beginning of period 71,532
Cash at end of period 37,398
Supplemental disclosures of cash flow information:  
Interest 225,078
Income Taxes   
Non-cash financing activities:  
Conversion of bridge notes 1,925,030
Contribution from shareholders for deferred financing cost 1,537,940
Other non-cash deferred financing fees from issuance of warrants 194,381
Fair value of warrants issued in connection with equity and debt financing $ 5,494,386