XML 32 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended 9 Months Ended 67 Months Ended
Jun. 30, 2011
Sep. 30, 2012
Sep. 30, 2012
Net loss $ (2,171,589) $ (1,703,381) $ (6,560,136)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, amortization, and impairment charges 5,505 114,790 135,311
Amortization of discount 6,658 11,153 350,845
Stock based compensation 415,908 364,907 888,056
Warrants issued for services 612,150   612,150
Warrants issued for settlement   262,700 262,700
Changes in operating assets and liabilities:      
Accounts receivable and other assets (30,322) (35,020) (78,196)
Inventory     (130,000)
Deferred Revenue     130,000
Accounts payable and accrued liabilities (80,212) 224,463 173,235
Cash Used in Operating Activities (1,241,902) (760,388) (4,216,035)
Cash Flows From Investing Activities      
Purchase of property & equipment (11,192)   (36,330)
Cash acquired in business acquisition     872
Cash Used in Investing Activities (11,192)   (35,458)
Cash Flows from Financing Activities      
Proceeds from issuance of common stock and warrants 1,622,250 906,000 4,558,250
Proceeds from notes payable     300,000
Payment of line of credit     (50,000)
Payment of note payable     (90,217)
Purchase of treasury stock   (43,000) (43,000)
Payment of stock issuance costs (150,000) (90,600) (403,998)
Cash Provided by Financing Activities 1,472,250 772,400 4,271,035
Net Increase in Cash 219,156 12,012 19,542
Cash, at Beginning of Period 15,646 7,530  
Cash, at End of Period 234,802 19,542 19,542
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest     24,221
Supplemental Schedule of Non-Cash Financing Activities      
Common stock issued for convertible debt     189,261
Common stock issued for services     56,250
Common stock issued for acquisition of Cornerstone Conservation Group, LLC   3,096,200 3,096,200
Warrants issued in connection with acquisition of Cornerstone Conservation Group, LLC   201,000 201,000
Purchase of treasury stock with long-term related party payable 170,758   170,758
Purchase of treasury stock with long-term related party payable   72,000 72,000
Warrants issued in connection with debt     299,984
Common stock issued in connection with debt forgiveness and services rendered     250,000
Restricted cash held in trust account for stock subscription   $ 403,330 $ 403,330