XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (909,684) $ (921,028)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 197,338 270,316
Noncash stock-based compensation expense 2,286 4,784
Changes in assets and liabilities:    
Decrease in accounts receivable 87,162 207,146
(Increase) Decrease in inventory (37,110) 187,921
Decrease (Increase) in other current assets 1,119 (27,095)
(Decrease) in accounts payable, accrued expenses (371,202) (59,727)
Increase (Decrease) in deferred revenue 6,365 (260,786)
(Decrease) in deferred rent (7,554) (4,448)
Net cash (used in) operating activities (1,031,280) (602,917)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (11,149) (5,762)
Net cash used in investing activities (11,149) (5,762)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock 3,488,807 0
Net cash provided by financing activities 3,488,807 0
Net Increase (Decrease) in cash and cash equivalents 2,446,378 (608,679)
CASH AND CASH EQUIVALENTS, beginning of period 224,386 1,685,879
CASH AND CASH EQUIVALENTS, end of period $ 2,670,764 $ 1,077,200