v2.4.0.8

SUPPLEMENTAL CASH FLOW FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2013
Supplemental Cash Flow Financial Information Tables |
Schedule of Supplemental Cash Flow | The supplemental disclosure requirements for the statements of cash flows are as follows:
|  | Year Ended |
|  | December 31, |
|  | 2013 |  |  | 2012 |
Cash paid during the period for: |  |  |  |  |  |
Interest |  | $ | 232,654 |  |  | $ | 368,057 |
Non-cash investing and financing activities during the period: |  |  |  |  |  |  |  |
Conversion of Series A preferred into common stock |  | $ | - |  |  | $ | 150,000 |
Conversion of Series B preferred into common stock |  | $ | 260,000 |  |  | $ | 25,000 |
Cancellation of convertible debentures in refinancing |  | $ | (1,465,784 | ) |  | $ | (1,315,784 | )
Reissuance of convertible debenture in refinancing |  | $ | - |  |  | $ | 1,315,784 |
Reissuance of stock warrants in refinancing |  | $ | 211,187 |  |  | $ | 396,186 |
Cancellation of stock warrants in refinancing |  | $ | (18,750 | ) |  | $ | (88,536 | )
Common stock warrants issued with convertible debentures |  | $ | - |  |  | $ | 511,765 |
Conversion of vendor payable into secured note payable |  | $ | 3,534,793 |  |  | $ | - |
Cancellation of secured notes payable in refinancing |  | $ | 293,734 |  |  | $ | - |
Common stock warrants issued with common stock |  | $ | 243,055 |  |  | $ | - |
Common stock warrants issued in conversion of notes payable |  | $ | 18,163 |  |  | $ | - |
Common stock warrants issued for placement fees |  | $ | 32,845 |  |  | $ | - |
Common stock warrants issued for Series D preferred stock |  | $ | 476,343 |  |  | $ | - |
Forward contract issued with common stock |  | $ | 233,131 |  |  | $ | - |
Common stock issued for convertible debentures in refinancing |  | $ | 435,985 |  |  | $ | - |
Redemption feature on preferred stock |  | $ | 2,192,588 |  |  |  | - |
Common stock issued for payment of interest in refinancing |  | $ | 597,221 |  |  | $ | - |

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