XML 41 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income (loss) $ 650,246 $ (170,534)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Change in fair value of conversion feature 33,253 64,544
Stock-based compensation 31,250 37,500
Realized losses on available-for-sale securities 1,141 853
Gain on distribution of investment in ClearSign (811,713) 0
Changes in operating assets and liabilities    
Other current assets 3,597 32,075
Accounts payable 21,683 4,159
Accrued stock compensation 0 (9,375)
Income taxes payable 7,213  
Rent deposit 0 (8,175)
Net cash used in operating activities (63,330) (48,953)
Cash flows from investing activities    
Purchases of available-for-sale securities (1,112,656) (702,760)
Proceeds received from sales of available-for-sale securities 0 192,650
Proceeds received from maturities of available-for-sale securities 996,000 1,858,064
Investment in ClearSign 0 (1,000,000)
Net cash provided by (used in) investing activities (116,656) 347,954
Net increase (decrease) in cash and cash equivalents (179,986) 299,001
Cash and cash equivalents at beginning of period 422,984 40,361
Cash and cash equivalents at end of period 242,998 339,362
Supplemental cash flow disclosure:    
Income taxes paid 800 800
Supplemental non-cash disclosure    
Unrealized gain (loss) on available-for-sale securities 12,317 (17,213)
Dividend of investment in ClearSign common stock $ 1,803,808 $ 0