XML 32 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
(Unaudited) Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net Loss $ (2,896,066) $ (657,779)
Depreciation and amortization 1,220,264 1,128,052
Share-base compensation 1,051,857 97,805
Bad debt expense 45,425 235,000
Reserve for obsolete inventory 143,135  
Change in deferred tax asset / liability (1,058,739) (324,820)
Loss on sale of equipment 2,135  
(Increase) decrease in accounts receivable 1,177,222 1,189,766
(Increase) decrease in inventory (919,145) (1,087,116)
(Increase) decrease in prepaid expenses/deposits 64,128 26,848
Increase (decrease) in accounts payable (845,102) (1,619,572)
Increase (decrease) in accrued expenses 76,888 (218,475)
Increase (decrease) long term contracts (294,416)  
Total Adjustments 663,652 (572,512)
Net Cash Provided (Used) by Operating Activities (2,232,414) (1,230,291)
Cash Flows from Investing Activities:    
Purchase of property and equipment (392,555) (1,043,195)
Purchase of Long-term investments (23,090) (142,088)
Net Cash Used by Investing Activities (415,645) (1,185,283)
Cash Flows from Financing Activities:    
Payments on notes payable   (609,396)
Net payments on lines of credit   (1,259,936)
(Payments) on notes payable - related party   (3,055,150)
Net payments on capital lease obligation (132,144) (146,428)
Proceeds from issuance of common stock and warrants 450,000 7,079,707
Payments on related party notes receivable   3,055,150
Net Cash Provided (Used) by Financing Activities 317,856 5,063,947
Gain on Currency Translation 19,517 28,637
Net Increase (Decrease) in Cash and Cash Equivalents (2,310,686) 2,677,010
Cash and Cash Equivalents at Beginning of Period 3,873,338 1,033,057
Cash and Cash Equivalents at End of Period 1,562,652 3,710,067
Supplemental Disclosures of Cash Flow Information    
Interest 39,038 133,264
Income taxes 1,000  
Employee Stock Option [Member]
    
Cash Flows from Operating Activities:    
Share-base compensation 328,613 97,805
Restricted Stock [Member]
    
Cash Flows from Operating Activities:    
Share-base compensation 284,444  
Stock Granted for Services [Member]
    
Cash Flows from Operating Activities:    
Share-base compensation 320,000  
Warrants Issued for Services [Member]
    
Cash Flows from Operating Activities:    
Share-base compensation $ 118,800