XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (7,808,000) $ (6,779,000)
Depreciation and amortization 13,000 8,000
Stock-based compensation expense 68,000 222,000
Change in fair value of warrant and option liabilities 3,999,000 2,400,000
Change in fair value of convertible notes 1,312,000 3,107,000
Loss on extinguishment of convertible notes 1,283,000  
Non-cash interest expense 95,000 66,000
Change in assets and liabilities:    
Restricted cash (500,000)  
Accounts receivable 27,000 154,000
Inventories 71,000 (30,000)
Prepaid expenses and other current assets (483,000) (108,000)
Accounts payable (39,000) (19,000)
Deferred revenue (69,000)  
Accrued liabilities (127,000) 30,000
Net cash flows used in operating activities (2,158,000) (949,000)
Cash flows from financing activities:    
Net proceeds from sale of common stock and warrants 3,504,000  
Net proceeds from issuance of convertible notes and warrants 250,000  
Net cash provided by financing activities 3,754,000  
Effect of exchange rate changes on cash and cash equivalents 9,000 (35,000)
Net (decrease) increase in cash and cash equivalents 1,605,000 (984,000)
Cash and cash equivalents at beginning of period 258,000 2,585,000
Cash and cash equivalents at end of period 1,863,000 1,601,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 62,000 50,000
Cashless exercise of warrants $ 844,000