XML 32 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss$ (12,242,585)$ (7,917,310)
Adjustments to reconcile net loss to net cash (used) by operating activities:  
Depreciation and amortization1,476,2891,622,931
Write down of long-lived asset593,966 
Loan discount amortization 110,123
Change in derivatives liabilities fair value(1,165,387) 
Loss from unconsolidated entity4,488,1002,447,471
Investment in unconsolidated entity(4,488,100) 
Share-based compensation1,347,4711,406,640
(Increase) decrease in:  
Restricted cash502,969(111,748)
Accounts receivable(601,179)(8,415,193)
Inventory298,853139,742
Other assets(218,044)(237,306)
Increase (decrease) in:  
Accounts payable(979,374)2,832,835
Accrued expenses and other(1,019,768)456,017
Deferred revenue2,770,675363,281
Subscription payable (182,047)
NET CASH (USED) BY OPERATING ACTIVITIES(9,236,114)(7,484,564)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchase of property and equipment(558,719)(1,547,684)
Investment in unconsolidated entity (1,200)
NET CASH (USED) BY INVESTING ACTIVITIES(558,719)(1,548,884)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from issuance of common stock15,627,1966,243,000
Deferred income from revenue participation rights7,512,500 
Dividends(240,000) 
Redemption of Series G Preferred(757,500) 
Fees on private offering (186,254)
Proceeds from issuance loan payable 1,872,714
Repayment of mortgage and loans payable(2,536,744)(135,795)
NET CASH PROVIDED BY FINANCING ACTIVITIES19,605,4527,793,665
NET INCREASE (DECREASE) IN CASH9,810,619(1,239,783)
CASH AT BEGINNING OF PERIOD235,7622,145,449
CASH AT END OF PERIOD10,046,381905,666
SUPPLEMENTARY INFORMATION:  
Interest paid289,406283,932
Income taxes paid  
NON-CASH TRANSACTIONS:  
Accrued compensation paid by equity instruments229,564496,964
Series G Preferred Stock dividend declaration210,000 
Series G Preferred Stock accretion2,217,409 
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)