XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,360,103) $ (2,932,793)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 338,315 396,738
Loss on equipment disposal 36,525 7,669
Provision for inventory reserves (73,830) 51,830
Noncash stock based compensation expense 256,124 967,695
Changes in assets and liabilities:    
Accounts receivable 1,527,548 (947,348)
Other receivable (50,730) 3,578
Inventory 615,700 50,103
Prepaid expenses and other assets 126,291 92,589
Accounts payable (551,679) 441,596
Billings in excess of costs (4,353) (36,211)
Accrued expenses and deposits (696,723) 501,675
Net cash used in operating activities (4,836,915) (1,402,879)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (237,206) (80,675)
Sales of short term investment 0 225,000
Proceeds from disposal of equipment 4,000 14,061
Net cash provided by (used in) investing activities (233,206) 158,386
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the exercise of stock options and warrants 23,975 623,131
Net cash provided by (used in) financing activities 23,975 623,131
Net decrease in cash and cash equivalents (5,046,146) (621,362)
Cash and cash equivalents, beginning of period 8,983,281 9,604,643
Cash and cash equivalents, end of period $ 3,937,135 $ 8,983,281