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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Mar. 31, 2011
Mar. 31, 2010
Cash flows from operating activities:        
Net income (loss): $ (1,612,625) $ 1,987,178 $ (43,509) $ (4,063,844)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 1,274,597 1,274,247 1,674,528 1,378,999
Stock-based compensation expense 730,136 748,235 1,003,266 1,006,798
Deferred tax expense 15,744      
Gain on bargain purchase (427,478)      
Loss on revaluation of contingent consideration 28,182      
Loss on disposal of assets 2,826   5,597 905
Changes in assets and liabilities:        
Accounts receivable 3,551,969 (601,141) (689,569) (29,259)
Royalties receivable (694,238) (450,600) (216,602) (259,200)
Inventories (870,252) 263,570 247,164 212,087
Prepaid expenses and other current assets (190,007) (708,311) 986,340 (545,522)
Accounts payable 247,222 (291,824) (60,404) (931,567)
Accrued liabilities 243,182 (408,224) 383,237 782,200
Long-term liabilities 11,487 (25,447) (58,285) 49
Net cash provided by (used in) operating activities 2,310,745 1,787,683 3,231,763 (2,448,354)
Cash flows from investing activities:        
Purchases of marketable securities (49,465,924) (58,095,140) (84,329,731) (47,038,060)
Sales of marketable securities 26,290,378      
Redemptions of marketable securities 45,624,819 54,225,000 83,650,417 59,336,807
Purchases of property, plant and equipment (575,455) (317,982) (524,666) (597,349)
Net cash (used in) provided by investing activities (5,010,610) (4,488,122) (1,503,980) 9,921,398
Cash flows from financing activities:        
Exercise of stock options 25 25,758 6,571 53,991
Repurchase and retirement of treasury stock (330,867)      
Principal payments under capital lease obligations   (56,850) (56,850) (42,405)
Net cash (used in) provided by financing activities (330,842) (31,092) (50,279) 11,586
Effect of exchange rate changes on cash and cash equivalents (5,092)      
Net (decrease) increase in cash and cash equivalents (3,035,799) (2,731,531) 1,677,504 7,484,630
Cash and cash equivalents, beginning of period 14,203,544 12,526,040 12,526,040 5,041,410
Cash and cash equivalents, end of period 11,167,745 9,794,509 14,203,544 12,526,040
Supplemental disclosure of cash flow information:        
Income taxes refunded       (135,157)
BioFlash Partners, LLC
       
Cash flows from investing activities:        
Payment for acquisition of business   (300,000) (300,000) (1,780,000)
Supplemental disclosure of non-cash investing activities:        
Contingent consideration transferred in acquisition       560,000
Novozymes
       
Cash flows from investing activities:        
Payment for acquisition of business (26,884,428)      
Supplemental disclosure of non-cash investing activities:        
Contingent consideration transferred in acquisition $ 1,610,560