General form of registration statement for all companies including face-amount certificate companies

Statements of Cash Flows (Interim Periods Unaudited)

v2.4.0.6
Statements of Cash Flows (Interim Periods Unaudited) (USD $)
 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:          
Net loss $ (5,148,923) $ (6,455,506) $ (8,311,411) $ (9,454,235) $ (7,159,060)
Adjustments to reconcile net loss to net cash flows from operating activities:          
Depreciation and license amortization 309,987 249,203 354,885 266,223 168,710
Expenses paid through the issuance of common stock       29,749  
Share-based compensation 1,651,280 757,200 989,902 245,462 130,587
Loss (gain) on change in fair value of derivative liability 7,439     (1,227,500)  
Amortization and write-off of debt issuance costs and original issue discounts (see Note 8) 2,056,552 1,042,097 1,359,687 889,624 98,500
Write-off of costs of withdrawn IPO       1,788,609  
Increase (decrease) in cash resulting from changes in:          
Accounts receivable 215,526 (198,537) (370,040) (31,540)  
Inventory (237,057) 40,720 91,519 (1,214,962) (569,350)
Prepaid expenses and other current assets (110,100) 9,838 (3,233) 38,487 (83,049)
Other assets 16,581 20,000 4,520 19,520 4,775
Accounts payable and accrued expenses (2,018,300) 1,682,172 2,244,576 3,543,310 418,970
Related party deferred revenue (1,950,000) (1,950,000) (2,600,000) (2,600,000) (2,488,725)
Net cash flows from operating activities (5,207,015) (4,802,813) (6,239,595) (7,707,253) (9,478,642)
Cash flows from investing activities:          
Purchases of property and equipment (93,256) (16,655) (26,101) (61,704) (282,362)
Net cash flows from investing activities (93,256) (16,655) (26,101) (61,704) (282,362)
Cash flows from financing activities:          
Proceeds from 2011 junior secured note payable     2,000,000    
Net cash flows from financing activities 8,942,045 3,312,250 4,833,860 6,777,142 2,409,332
Proceeds from sale of unit securities       3,000,000  
Net proceeds from PIPE financing 5,516,495        
Proceeds from warrant and option exercises 600 2,250 2,250   10,663
Purchase of treasury stock for cash         (547,835)
Issuance of note receivable, stockholder         (500,000)
Deferred offering costs paid         (53,496)
Net change in cash and cash equivalents 3,641,774 (1,507,218) (1,431,836) (991,815) (7,351,672)
Cash and cash equivalents, beginning of period 145,478 1,577,314 1,577,314 2,569,129 9,920,801
Cash and cash equivalents, end of period 3,787,252 70,096 145,478 1,577,314 2,569,129
SUPPLEMENTAL CASH FLOW INFORMATION          
Income taxes         49,250  
Interest 26,274         
Convertible Notes Payable, Net [Member]
          
Cash flows from financing activities:          
Proceeds from issuance of convertible notes payable 3,424,950 3,310,000      
Related Party Convertible Notes Payable [Member]
          
Cash flows from financing activities:          
Proceeds from issuance of convertible notes payable         3,500,000
The 2010 Unsecured Convertible Notes Payable [Member]
          
Cash flows from financing activities:          
Proceeds from issuance of convertible notes payable       3,777,142  
Related Party 2011 Unsecured Convertible Notes Payable [Member]
          
Cash flows from financing activities:          
Proceeds from issuance of convertible notes payable     1,310,000    
The 2011 Unsecured Convertible Notes Payable [Member]
          
Cash flows from financing activities:          
Proceeds from issuance of convertible notes payable     $ 1,521,610