XML 28 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (14,373)$ (24,589)
Adjustments to reconcile net loss to net cash used in operating activities:  
Stock-based compensation expense5173,275
Fair value of shares issued in settlement0563
Depreciation and amortization177
Loss on troubled debt restructuring0356
Debt discounts and deferred financing fees and the valuation of conversion features and warrants11,04318,518
Changes in operating assets and liabilities:  
Accounts receivable(450)(51)
Other assets0(32)
Prepaid expenses and other current assets(12)(60)
Accounts payable and accrued expenses(205)117
Deferred revenue2,038436
Net cash used in operating activities(1,425)(1,460)
Cash flows from investing activities:  
Purchase of property and equipment(59)(8)
Net cash used in investing activities(59)(8)
Cash flows from financing activities:  
Proceeds from issuance of convertible debt4,2281,597
Repayment of convertible debt(25)0
Proceeds from exercise of warrants515101
Net cash provided by financing activities4,7181,698
Effect of exchange rate changes on cash113
Net increase in cash3,235243
Cash at beginning of year91128
Cash at end of year4,146271
Supplemental disclosure of cash flow information:  
Interest paid9076
Income taxes paid40
Supplemental disclosure of non-cash transactions:  
Fair value of shares of common stock and warrants issued to brokers in connection with financing, recorded as debt issuance costs and debt discount0128
Reclassification of derivative liability to additional paid-in-capital010,417
Debt discount recorded as part of convertible debt financing transactions, including warrants issued4,2281,761
Accounts payable converted in 2010 convertible debt offering0163
Exchange of preferred stock for common stock0806
Debt issuance costs related to 2011 financing350
Debt issuance costs recorded in connection of debt extinguishment08
Accrued expenses converted to common stock1200
Conversion of debt and accrued interest to common stock2,86093
Reduction of derivative liabilities upon conversion of debt$ 13,379$ 150