XML 20 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income (loss)$ (2,813,000)$ (9,840,000)
Adjustments to reconcile net income (loss) to cash used in operating activities:  
Gain on change in fair value of derivative - warrants(3,312,000)(6,384,000)
Loss on change in fair value of derivative - preferred stock470,00010,455,000
Gain on negotiated accounts payable0(509,000)
Depreciation and amortization176,000179,000
Stock option compensation expense767,000838,000
Stock and warrants issued for services700,000556,000
Change in operating assets and liabilities:  
Receivables899,000(4,000)
Inventory(192,000)0
Prepaid expenses and other current assets43,00013,000
Other assets(20,000)12,000
Accounts payable and accrued expenses(1,355,000)(202,000)
Dividends payable197,000119,000
Accrued interest payable(96,000)(117,000)
Deferred revenue(1,109,000)(260,000)
Net cash used in operating activities(5,645,000)(5,144,000)
Cash flows from investing activities:  
Capital expenditures(40,000)(7,000)
Net cash used in investing activities(40,000)(7,000)
Cash flows from financing activities:  
Proceeds from exercise of stock options0192,000
Proceeds from common stock issuances, net of costs05,848,000
Net cash provided by financing activities06,040,000
Net increase (decrease) in cash and cash equivalents(5,685,000)889,000
Cash and cash equivalents at beginning of period7,033,000607,000
Cash and cash equivalents at end of period1,348,0001,496,000
Supplemental cash flow information:  
Cash paid for interest660,000440,000
Supplemental disclosure of noncash transactions:  
Shares issued for dividends on preferred stock1,000282,000
Preferred stock dividends in dividends payable$ 1,327,000$ 1,340,000