XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities:    
Net (loss) income $ (1,910,282) $ 433,275
Loss from discontinued operations 662,406 202,259
(Loss) income from continuing operations (1,247,876) 635,534
Adjustments to reconcile (loss) income from continuing operations to net cash (used in) provided by operating activities of continuing operations:    
Depreciation and amortization 295,923 160,094
Gain on marketable securities (18,112)   
Stock based compensation 17,884 17,885
Amortization of debt discount    75,324
Stock issued as compensation for consulting services 76,365   
Changes in operating assets and liabilities:    
Trade receivables 427,375 311,994
Inventories (2,200,484) 180,043
Prepaid expenses (99,188) (103,160)
Other assets (7,380) (14,334)
Accounts payable and accrued expenses (1,707,486) 151,812
Customer deposits and other liabilities 318,591 18,236
Net cash (used in) provided by operating activities of continuing operations (4,144,388) 1,433,428
Cash Flows From Investing Activities:    
Payments for property and equipment (760,817) (164,180)
Proceeds from sales of available-for-sale investments    7,500
Purchase of available-for-sale investments (95,000)   
Net cash used in investing activities of continuing operations (855,817) (156,680)
Cash Flows From Financing Activities:    
Repayment of debt (236,444) (261,130)
Payments on capital lease obligations (11,395)   
Net cash used in financing activities of continuing operations (247,839) (261,130)
Cash Flows From Discontinued Operations:    
Net cash provided by (used in) operating activities of discontinued operations 997,876 (1,404,158)
Net change in cash (4,250,168) (388,540)
Cash, beginning of period 5,976,928 732,449
Cash, end of period 1,726,760 343,909
Supplemental Disclosures:    
Interest 101,999 263,593
Income taxes