XML 31 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements Of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,104,588) $ (6,609,997)
Adjustments to reconcile net loss to net cash (used) by operating activities:    
Depreciation and amortization 1,017,142 1,078,895
Change in derivatives liabilities fair value 584,622  
Loss from unconsolidated entity 1,595,000 335,460
Investment in unconsolidated entity (1,595,000)  
Share-based compensation 898,314 937,548
(Increase) decrease in:    
Restricted cash 449,678 (3,085)
Accounts receivable (655,086) (1,322,920)
Inventory 224,166 119,306
Other assets (257,137) (401,657)
Increase (decrease) in:    
Accounts payable (1,180,656) 1,209,172
Accrued expenses and other (1,304,594) 94,643
Deferred revenue 3,127,010 1,042,413
Subscription payable   (182,047)
NET CASH (USED) BY OPERATING ACTIVITIES (4,201,129) (3,702,269)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (401,337) (1,046,189)
Investment in unconsolidated entity   (1,200)
NET CASH (USED) BY INVESTING ACTIVITIES (401,337) (1,047,389)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 15,680,077 6,243,000
Deferred income from revenue participation rights 7,312,500  
Dividends (240,000)  
Redemption of Series G Preferred (757,500)  
Fees on private offering   (186,254)
Proceeds from issuance loan payable   72,714
Repayment of mortgage and loans payable (99,488) (98,863)
NET CASH PROVIDED BY FINANCING ACTIVITIES 21,895,589 6,030,597
NET INCREASE IN CASH 17,293,123 1,280,939
CASH AT BEGINNING OF PERIOD 235,762 2,145,449
CASH AT END OF PERIOD 17,528,885 3,426,388
SUPPLEMENTARY INFORMATION:    
Interest paid 204,174 184,294
Income taxes paid    
NON-CASH TRANSACTIONS:    
Accrued compensation paid by equity instruments 229,564 496,964
Series G Preferred Stock accretion 2,217,409  
Acquired non-controlling interest of Dorado Resources, Ltd. with the assumption of a subscription payable of an equal amount (See NOTE F)   1,998,800
Offset account receivable with subscription payable (See NOTE D) 1,998,800  
Accounts receivable converted to stock in unconsolidated entity (See NOTE D)