XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ 3,499,000 $ (8,387,000)
Depreciation and amortization 53,000 43,000
Stock-based compensation expense 201,000 544,000
Change in fair value of warrant and options liabilities (6,964,000) 1,617,000
Change in fair value of convertible notes (4,814,000) 2,024,000
Loss on extinguishment of convertible notes 3,274,000  
Financing costs associated with convertible notes   80,000
Non-cash interest expense 95,000 331,000
Change in assets and liabilities:    
Restricted cash (30,000)  
Accounts receivable (80,000) 48,000
Inventory 42,000 56,000
Prepaid expenses and other assets 81,000 58,000
Accounts payable 48,000 228,000
Deferred revenue (319,000) 32,000
Accrued liabilities 110,000 161,000
Net cash flows used in operating activities (4,804,000) (3,165,000)
Cash flows from investing activities:    
Purchase of property and equipment   (74,000)
Net cash used for investing activities   (74,000)
Cash flows from financing activities:    
Net proceeds from sale of common stock and warrants 5,079,000  
Net proceeds from issuance of convertible notes and warrants 250,000 920,000
Net cash provided by financing activities 5,329,000 920,000
Effect of exchange rate changes on cash and cash equivalents (14,000) (8,000)
Net (decrease) increase in cash and cash equivalents 511,000 (2,327,000)
Cash and cash equivalents at beginning of period 258,000 2,585,000
Cash and cash equivalents at end of period 769,000 258,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 107,000 217,000
Supplemental disclosure of non-cash financing activities:    
Cashless exercise of warrants 2,655,000  
Cashless conversion of convertible notes $ 810,000