XML 29 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (2,877,211) $ (329,658)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,261,335 518,274
Debt discount amortization 97,417 0
Common stock issued in payment of derivative 208,000 0
Warrants issued for interest 101,280 0
Loss on asset dispositions (1,833) 0
Minority interest in earnings of subsidiary 9,443 (5,691)
Stock issued for stock based compensation 0 1,000
Warrants issued for services performed 79,600 0
Stock issued for interest 197,120 0
Stock issued for services 322,500 0
Loss from discountinued operations 335,765 0
Increases/decreases in operating assets and liabilities    
Accounts receivable (383,531) (315,282)
Prepaid expenses and other assets 693,547 (120,114)
Accounts payable 0 148,911
Derivative liability (181,183) 0
Accrued and other liabilities 7,232 211,991
Net cash (used) in/provided by operating activities (130,519) 109,430
Cash flows from investing activities:    
Purchase of property and equipment 0 (6,674)
Purchase of discontinued operations-Triple C 0 (100,000)
Net cash used in investing activities 0 (106,674)
Cash flows from financing activities:    
Repayments of notes payable (661,946) (464,029)
Proceeds of long term debt 0 388,000
Net proceeds/(repayments) from line of credit 665,185 150,899
Bank overdraft 172,008 0
Proceeds from exercise of warrants 32,500 0
Net cash (used) in/provided by financing activities 207,747 74,870
Net change in cash 77,228 77,626
Cash, beginning of period 54,158 48,101
Cash, end of period $ 131,386 $ 125,727