XML 64 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (37,914,629) $ (20,040,174)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 22,713 41,186
Amortization of intangible assets 17,196 9,764
Provision for doubtful accounts 2,594 48,355
Stock based compensation 3,226,241 1,926,992
Stock based expense for services 708,595 804,878
Amortization of deferred financing costs 260,027 1,055,948
Amortization of debt discount    1,102,680
Loan guaranty costs    2,944
Changes in operating assets and liabilities:    
Accounts receivable (460,565) (1,235,433)
Inventory 31,673 467,624
Other current assets 197,569 (1,927,156)
Other assets (17,069) (984,974)
Accounts payable 3,534,462 830,585
Deferred revenue (754,431) 707,520
Accrued expenses and other current liabilities 909,890 1,190,178
Net cash flows used in operating activities (30,235,734) (15,999,083)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent and trademark costs, net of abandoned costs (193,349) (257,633)
Purchase of property and equipment (30,962) (23,755)
Net cash flows used in investing activities (224,311) (281,388)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of common stock, net 42,771,353 78,984,960
Proceeds from exercise of options 315,546 6,231
Proceeds from exercise of warrants 181,000   
Proceeds from line of credit    500,000
Repayment of line of credit    (500,000)
Repayment of notes payable    (4,691,847)
Net cash flows provided by financing activities 43,267,899 74,299,344
Increase in cash 12,807,854 58,018,873
Cash, beginning of period 54,191,260 1,553,474
Cash, end of period 66,999,114 59,572,347
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest   212,853
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Warrants issued for financing   1,711,956
Warrants issued for services   $ 462,196