XML 22 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,310,246) $ (3,581,213)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 133,450 138,425
Issuance of common stock, warrants and options for services 54,485 38,670
Extension of options issued to employees 0 36,990
Employee option cost 966,585 837,458
Common stock contributed to 401 (k) plan 39,711 38,486
Impairment loss on abandonment of patents 10,223 7,955
Loss on retired equipment 2,011 1,049
Deferred rent 0 (1,509)
Gain on derivative instruments (2,746,198) (956,470)
(Increase)/decrease in assets:    
Receivables 143,714 448,703
Deferred rent 139,536 153,105
Prepaid expenses 471,936 235,343
Inventory used for R&D and manufacturing 247,585 200,858
Increase/(decrease) in liabilities:    
Accounts payable (192,358) (127,006)
Accrued expenses 23,252 (84,590)
Due to employees 20,843 (2,847)
Deferred rent 688 0
Deposits held 0 5,000
Net cash used in operating activities (2,994,783) (2,611,593)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment (16,093) (16,467)
Expenditures for Patent costs (125) (306)
NET CASH USED IN INVESTING ACTIVITIES (16,218) (16,773)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 9,807,375 3,810,000
Payments on oblgations under capital leases (1,025) 0
Payments on convertible debt 0 (1,980,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 9,806,350 1,830,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,795,349 (798,366)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,941,042 4,260,594
CASH AND CASH EQUIVALENTS, END OF PERIOD 10,736,391 3,462,228
ISSUANCE OF WARRANTS:    
Increase in derivative liabilities (4,200,000) (2,146,667)
Decrease in additional paid-in capital 4,200,000 2,146,667
Total 0 0
ISSUANCE OF ADDITIONAL SHARES    
Increase in common stock 0 (8,333)
Increase in additional paid-in capital 0 (241,667)
Decrease in additional paid-in capital 0 250,000
Total 0 0
MODIFICATION OF WARRANTS:    
Increase additional paid-in capital 0 (325,620)
Decrease in additional paid-in capital 0 325,620
Total 0 0
ISSUANCE OF COMMON STOCK FOR PREPAID SERVICES:    
Increase in additional paid-in capital 236,165 0
Increase in prepaid expenses (236,165) 0
Total 0 0
PATENT COSTS INCLUDED IN ACCOUNTS PAYABLE    
Increase in patent costs 8,641 15,277
Increase in accounts payable (8,641) (15,277)
Total 0 0
NON-CASH EQUIPMENT COSTS    
Increase in research and office equipment 36,622 4,703
Increase in accounts payable 0 (4,703)
Increase in capital lease obligation (36,622) 0
Total 0 0
CAPITAL LEASE PAYMENTS INCLUDED IN ACCOUNTS PAYABLE:    
Decrease in capital lease obligation 1,105 0
Increase in accounts payable (1,105) 0
Total 0 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash expenditures for interest expense $ 41,878 $ 218,502