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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 102 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Since Inception
Cash Flows From Operating Activities      
Net loss $ (4,469,483) $ (3,451,946) $ (92,560,498)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on sale of discontinued operation 0 0 (6,408,603)
Gain on sale of warrants 0 0 (518,622)
Loss on abandonment of leaseholds 0 0 135,344
Depreciation 48,575 52,582 2,051,880
Amortization-intangibles 0 0 2,696,193
Amortization-debt discount 0 0 5,291,019
Amortization-deferred financing costs 0 0 925,859
Amortization-technology and product license fee 67,204 45,454 169,477
Provision for obsolete inventory 0 0 200,000
Change in fair value of warrants (64,157) (300,571) (10,395,709)
Common stock and warrants issued for services and reimbursement of expenses 0 0 203,882
Stock based compensation expense 86,845 81,529 7,514,920
In-Process Purchased Technology 0 0 2,027,529
Changes in operating assets and liabilities      
Accounts receivable (9,757) 0 69,231
Inventories (337,737) 0 (2,578,026)
Prepaid expenses and other assets (113,956) (12,339) (294,750)
Deposits 0 0 (189,750)
Accounts payable (110,603) 34,198 1,775,705
Accrued liabilities (46,448) 11,866 (264,672)
Deferred rent (31,287) (20,550) 87,026
Net cash used in operating activities (4,980,804) (3,559,777) (90,062,565)
Cash Flows From Investing Activities      
In-process technology purchased from Tissue Repair Company 0 0 (1,500,000)
Fee paid to list shares issued for technology and product license 0 0 (65,000)
Purchases of property and equipment (15,866) (1,358) (2,832,417)
Net cash used in investing activities (15,866) (1,358) (4,397,417)
Cash Flows From Financing Activities      
Proceeds from officer loan 0 0 62,882
Cash acquired in acquisitions 0 0 1,551,800
Restricted cash - collateral for letter of credit 150,000 100,000 (50,000)
Restricted cash - proceeds placed in escrow from sale of business 0 0 0
Proceeds from the exercise of warrants, net 0 0 1,258,448
Proceeds from debt financing agreement, net of debt issuance costs of $871,833 0 0 14,378,167
Proceeds from the sale of business unit 0 0 11,250,000
Repayment of debt 0 0 (15,750,000)
Proceeds from sales of common stock, net of issuance cost 6,396,891 0 88,030,185
Net cash provided by financing activities 6,546,891 100,000 100,731,482
Net increase (decrease) in cash 1,550,221 (3,461,135) 6,271,500
Cash and cash equivalents at beginning of period 4,721,279 6,644,054 0
Cash and cash equivalents at end of period 6,271,500 3,182,919 6,271,500
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 2,114 2,170 1,390,915
Cash paid for income taxes 2,400 2,400 28,562
Non-Cash Activity:      
Subscription receivable for common shares 0 0 17,000
Common Stock Issued for Repayment of Loans 0 0 62,882
Stock issued for technology license fee 0 0 1,000,000
Net assets acquired for the issuance of common stock (exclusive of cash acquired) 0 0 5,824,000
Warrants exchanged for stock 0 0 (901,139)
Reclassification of derivative liabilities with expired price protection provisions (21,349) 0 (4,045,702)
Issuance of note for accrued milestone payment $ 0 $ 0 $ 500,000