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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Cash received from customers and grants$ 14,460,236$ 10,179,232
Cash paid to suppliers and employees(12,897,517)(9,964,407)
Interest received1,2781,110
Interest paid(4,874)(2,204)
Net cash provided by operating activities1,559,123213,731
CASH FLOWS FROM INVESTING ACTIVITIES:  
Acquisition of and deposits on fixed assets(282,175)(188,193)
Net cash used in investing activities(282,175)(188,193)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from option and warrant exercises280,39327,073
Payment of license obligation(875,000)0
(Payment of) and proceeds from loan obligation, net244,858231,010
Payment of capital lease obligation(18,202)(15,873)
Net cash (used in) provided by financing activities(367,951)242,210
INCREASE IN CASH AND CASH EQUIVALENTS908,997267,748
Cash and cash equivalents - beginning of the period2,136,3511,068,235
Cash and cash equivalents - end of the period3,045,3481,335,983
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:  
Net Income528,147632,568
Adjustments:  
Depreciation and amortization321,590212,838
Provision for doubtful accounts(15,000)0
Loss on retirement/sale of fixed asset03,923
Share based compensation136,321141,864
Changes in assets and liabilities:  
Accounts receivable1,303,617(858,629)
Inventories(1,239,064)(327,538)
Prepaid expenses and other current assets15,98376,122
Deposits and other assets(208,460)101,234
Accounts payable and accrued liabilities290,467510,509
Deferred research and development revenue425,522(279,160)
Net cash provided by operating activities1,559,123213,731
Supplemental disclosures for non-cash investing and financing activities:  
Deposits on manufacturing equipment transferred to fixed assets$ 0$ 300,000