XML 98 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES        
Net (Loss) $ (1,042,462) $ (2,726,397) $ (7,194,792) $ (4,915,295)
Adjustments to Reconcile Net (Loss) to Net Cash (Used in) Operating Activities:        
Stock Issued for Interest     75,703 621
Vesting of Options for Compensation 71,512 37,075 164,507 171,633
Reduction in Notes Payable     (57,925)   
Change in Derivative Liability Fair Value     122,945   
Change in Down-round Protection Derivative Fair Value (40,545) (28,600)    
Change in Conversion Feature Derivative Fair Value (61,637) 1,735,309 1,390,292   
Amortization of Discount on Notes payable 58,182 134,911 770,033   
Amortization of Debt Issuance Costs 145,260 125,565 1,305,418   
Amortization of Stock Issued for Services 17,750    36,792 364,884
Sales Returns Reserve Adjustment        (13,151)
Write-down of Discontinued Operations Receivable     130,000 70,000
(Increase) Decrease in:        
Prepaid Expenses and Other Current Assets (4,008) (52,108) 1,381 (20,694)
Increase (Decrease) in:        
Accounts Payable (353,501) (203,160) 411,207 757,515
Accrued Other Expenses (470,537) (245,672) 285,430 238,628
Net Cash (Used in) Operating Activities (1,679,986) (1,223,077) (2,559,009) (3,345,859)
CASH FLOWS FROM FINANCING ACTIVITIES        
Cash Received from Sale of Common Stock        2,500,080
Proceeds from Notes Payable 5,875,000 2,000,000 3,099,800   
Payment of Notes Payable (471,000) (40,000) (539,800) (390,000)
Cash Paid for Debt Issuance Costs (286,349)       
Payment of Notes Payable to Related Parties (24,143) (24,400) (8,510) 4,400
Net Cash Provided by Financing Activities 5,093,508 1,935,600 2,551,490 2,114,480
Increase (Decrease) in Cash 3,413,522 712,523 (7,519) (1,231,379)
Cash:        
Beginning    7,519 7,519 1,238,898
Ending 3,413,522 720,042    7,519
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION        
Cash Paid for Interest 198,334    120,561 33,859
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING AND INVESTING ACTIVITIES        
Common Stock issued for Exercised Warrants 22 22 41   
Common Stock issued for Debt Issuance Cost    990,000 1,592,000   
Note Payable Discounts from Derivative and Conversion Feature Liabilities 5,962,763 539,764 539,764   
Additional Paid-Capital from Notes Payable Discount    172,727 347,272   
Accrued Interest Applied to Principal Balance 51,944       147,866
Note Payable Converted to Common Stock 104,000    1,500,000 818,000
Common Stock Issued for Interest     75,703 621
Stock Based Compensation Expense 71,512 37,075 164,507 171,633
Warrants Issued for Prepaid Services 219,500       21,000
Settlement of Derivative Liability though Modification of Note 110,819       
Additional Paid- In Capital resulting from reduction in derivative and conversion feature liabilities     1,840,000   
Reduction in Notes Payable     $ 57,925