v2.4.0.8

SUPPLEMENTAL CASH FLOW FINANCIAL INFORMATION | 6 Months Ended
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Jun. 30, 2014
Notes to Financial Statements |
Note 10 - SUPPLEMENTAL CASH FLOW FINANCIAL INFORMATION | The supplemental disclosure requirements for the statements of cash flows are as follows:
|  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |
Cash paid during the period for: |  |  |  |  |  |
Interest |  | $ | 122,476 |  |  | $ | 183,912 |
Non-cash investing and financing activities during the period: |  |  |  |  |  |  |  |
Reissuance of stock warrants in refinancing |  | $ | 167,532 |  |  | $ | - |
Cancellation of stock warrants in refinancing |  | $ | (24,120 | ) |  | $ | - |
Common stock issued for payment of forward contract |  | $ | 115,767 |  |  | $ | - |
Series D preferred stock issued as payment for milestone adjustment |  | $ | 662,057 |  |  | $ | - |
Conversion of Series B Preferred stock into common |  | $ | - |  |  | $ | 185,000 |
Conversion of vendor payable into secured note payable |  | $ | - |  |  | $ | 3,534,793 |
Conversion of secured notes payable in refinancing |  | $ | - |  |  | $ | 293,734 |
Common stock warrants issued with common stock |  | $ | - |  |  | $ | 243,055 |
Common stock warrants issued for placement fees |  | $ | - |  |  | $ | 32,845 |
Common stock warrants issued for Series D preferred stock |  | $ | - |  |  | $ | - |
Forward contract issued with common stock |  | $ | - |  |  | $ | 233,131 |
Common stock issued for payment of interest in refinancing |  | $ | 63,104 |  |  | $ | - |

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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