XML 20 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 $ (3,954,389) $ (5,742,341)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash interest expense related to the amortization of the fair value of warrants issued in conjunction with our convertible notes 600,470 1,325,057
Non-cash accrued option compensation expense   1,068,591
Amortization and depreciation expense 7,866 9,564
Increase (decrease) in cash from change in:    
Accounts receivable 5,740 (1,609)
Inventory (54,502) 1,865
Prepaid expenses 2,469 771
Other assets (41,502)  
Accounts payable and accrued expenses 504,840 659,135
Deferred revenue (62,991) 115,500
Customer deposits 82,500 17,500
Net Cash Used In Operating Activities (1,716,324) (1,296,556)
CASH FLOWS FROM INVESTING ACTIVITIES    
Funds used to purchase equipment (3,740)  
Net Cash Used In Investing Activities (3,740)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the sale of stock 1,443,493 1,027,500
Proceeds from convertible notes   438,775
Proceeds from note payable   100,000
Proceeds from exercise of warrant   40,000
Payments on note payable (20,000) (20,000)
Net Cash Provided By Financing Activities 1,423,493 1,586,275
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (296,571) 289,719
CASH AND CASH EQUIVALENTS — BEGINNING 425,069 135,350
CASH AND CASH EQUIVALENTS — ENDING 128,498 425,069
Cash Paid During the Period for:    
Taxes 4,868 3,000
2007 Notes Convertible [Member]
   
Conversion of Noteholders to shares of the Company’s Common stock:    
Conversion of Noteholders to shares of the Company's common stock   968,000
Accrued and Unpaid Interest [Member]
   
Conversion of Noteholders to shares of the Company’s Common stock:    
Conversion of Noteholders to shares of the Company's common stock 263,342 489,514
Partial Conversion [Member]
   
Conversion of Noteholders to shares of the Company’s Common stock:    
Conversion of Noteholders to shares of the Company's common stock   30,000
Spring 2008 [Member]
   
Conversion of Noteholders to shares of the Company’s Common stock:    
Conversion of Noteholders to shares of the Company's common stock 989,676  
Fall 2008 Offering [Member]
   
Conversion of Noteholders to shares of the Company’s Common stock:    
Conversion of Noteholders to shares of the Company's common stock 795,300  
Board of Directors [Member]
   
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash expense 268,705 455,786
Conversion of accrued expenses to shares of the Company’s common stock:    
Option or warrant issued to purchase shares of the Company's common stock 268,705 455,786
Settlement Obligations [Member]
   
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash expense 163,998 135,457
Conversion of accrued expenses to shares of the Company’s common stock:    
Option or warrant issued to purchase shares of the Company's common stock 163,998 135,457
Consultants Options [Member]
   
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash expense 714,160 317,949
Conversion of accrued expenses to shares of the Company’s common stock:    
Option or warrant issued to purchase shares of the Company's common stock 714,160 317,949
Consultants Stock [Member]
   
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash expense 45,862 340,219
Conversion of accrued expenses to shares of the Company’s common stock:    
Option or warrant issued to purchase shares of the Company's common stock 45,862 340,219
Related Party Obligation [Member]
   
Conversion of accrued expenses to shares of the Company’s common stock:    
Conversion of accrued expenses to shares of the Company's common stock - $150,000
Officers and Board of Directors [Member]
   
Conversion of accrued expenses to shares of the Company’s common stock:    
Conversion of accrued expenses to shares of the Company's common stock - $363,536
Consultants [Member]
   
Conversion of accrued expenses to shares of the Company’s common stock:    
Conversion of accrued expenses to shares of the Company's common stock $78,000 $157,312
Consultants [Member]
   
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash expense 279,339 234,246
Conversion of accrued expenses to shares of the Company’s common stock:    
Option or warrant issued to purchase shares of the Company's common stock 279,339 234,246
Fair value of warrants issued:    
Fair value of warrants issued   25,000
Officers and Board of Directors [Member]
   
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-cash expense 163,998 149,240
Conversion of accrued expenses to shares of the Company’s common stock:    
Option or warrant issued to purchase shares of the Company's common stock 163,998 149,240
Issued In Conjunction with Convertible Note Offerings [Member]
   
Fair value of warrants issued:    
Fair value of warrants issued   430,327
Issued In Conjunction with Note Payable [Member]
   
Fair value of warrants issued:    
Fair value of warrants issued   20,000
Issued In Conjunction with Note Offering Repricing in 2010 and Extension in 2011 [Member]
   
Fair value of warrants issued:    
Fair value of warrants issued $ 235,338 $ 277,992