XML 30 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income (loss) from continuing operations $ 287,505 $ (4,479,723)
Adjustments to reconcile net loss to net cash provided (used) in Operating activities:    
Depreciation and amortization 16,138 259,110
Amortization of discounts and deferred costs 109,939 194,014
Stock issued as payment for services 0 112,000
Warrant Expense. 0 1,991,752
Non-cash debt related costs 118,000 0
Stock issued for debt related costs 0 405,580
Re-acquisition of distributorship 930,000 0
Gain on fair market value of derivative liabilities (2,001,441) (255,950)
Gain (loss) on debt settlement. 10,324 0
Loss on debt settlement. 0 1,950,882
Prepayment Expense (80,837) 0
Non-cash expenses 0 50,347
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (29,353) 252,444
(Increase) decrease in inventory (109,904) (51,893)
(Increase) decrease in employee advances 17,771 0
(Increase) decrease in accrued interest receivable - related parties (11,462) (15,690)
(Increase) decrease in accrued interest receivable (36,413) (33,750)
(Increase) decrease in prepaids and other assets 0 107,150
Increase (decrease) in allowance for uncollectible interest 33,288 0
Increase (decrease) in accrued royalties 93,750 (358,323)
Increase (decrease) in accounts payable 29,700 (230,498)
Increase (decrease) in accrued liabilities (73,615) 180,071
Increase (decrease) in accrued interest payable - related parties 1,789 12,165
Increase (decrease) in accrued interest payable 38,210 34,590
Net cash flows provided (used) in operating activities (656,611) 124,278
Cash flows from investing activities:    
Purchase of notes receivable - related parties 0 (2,231,658)
Proceeds from notes receivable - related parties 371,839 1,546,120
Net cash flows used in investing activities 371,839 (685,538)
Cash flows from financing activities:    
Proceeds from notes payable - related parties 280,000 61,500
Payments on notes payable - related parties 0 (952,268)
Proceeds from notes payable 195,000 2,060,000
Payments on notes payable (540,000) (537,000)
Proceeds from debentures 347,500 0
Proceeds from sale of stock 0 868,700
Proceeds from stock subscriptions payable 0 31,000
Net cash flows provided by financing activities 282,500 1,531,932
Increase (decrease) in cash (2,272) 970,672
Cash and cash equivalents, beginning of period 3,608 50,835
Cash and cash equivalents, end of period 1,336 1,021,507
Cash paid during the period for:    
Interest 5,790 2,552
Income Taxes 0 0
Supplemental non-cash investing and financing activities:    
Common stock issued for debt conversion 0 3,050,991
Common stock issued for services 0 112,000
Common stock issued for debt related costs $ 35,676 $ 405,580