v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net loss $ (2,658,184) $ (2,798,066)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation expense 90,969 73,581
Stock-based compensation 495,518 1,039,737
Financing fees- issuance of warrants, non-cash 116,207 353,132
Stock issued for services and rent 259,014 168,120
Extinguishment of line of credit debt 0 (1,000,000)
Impairment of assets 2,077 3,876
Amortization of debt discount 15,688 0
Changes in operating assets and liabilities:    
(Increase) in trade accounts receivable (153,316) (105,420)
(Increase) in prepaid expenses and other current assets (32,413) (110,262)
Decrease in inventory 90,329 121,474
Increase/(decrease) in customer deposits 86,539 (133,812)
Increase in accrued warranty costs 4,468 69,403
Increase/(decrease) in trade accounts payable and accrued liabilities 303,988 (173,900)
Net cash provided by/(used in) operating activities (1,379,116) (2,492,137)
Investing Activities    
Acquisition of fixed assets (22,778) (117,630)
Net cash used in investing activities (22,778) (117,630)
Financing activities    
Proceeds from issuance of common stock 795,000 2,852,500
Borrowings on line of credit and long term debt, net of repayments 291,295 44,090
Net cash provided by financing activities 1,086,295 2,896,590
(Decrease)/increase in cash (315,599) 286,823
Cash – beginning of period 371,132 584,085
Cash – end of period 55,533 870,908
Supplemental Information:    
Income Taxes Paid/(Tax credits received) 325 0
Interest Paid $ 2,139 $ 8,962