Quarterly report pursuant to sections 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 2,630,402 $ (823,748)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and license amortization 92,629 114,569
Share-based compensation 179,746 318,467
Expenses paid through the issuance of common stock 299,657  
Gain on change in fair value of derivative liabilities (483,790) (1,623,698)
Gain on sale of intellectual property (4,338,601)  
Loss on loan modification   1,356,177
Amortization of debt issuance costs and original issue discounts 56,985 12,375
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 317,649 61,387
Inventory (147,906) (156,265)
Prepaid expenses and other current assets 102,833 47,639
Other assets (1,500) 22,763
Accounts payable and accrued expenses (85,730) (809,707)
Deferred revenue 18,508 (762,725)
Net cash flows from operating activities (1,359,118) (2,242,766)
Cash flows from investing activities:    
Purchases of property and equipment (2,390) (7,986)
Net cash flows from investing activities (2,390) (7,986)
Cash flows from financing activities:    
Proceeds from stock option exercises 143,000  
Net cash flows from financing activities 3,646,314 9,829,014
Net change in cash and cash equivalents 2,284,806 7,578,262
Cash and cash equivalents, beginning of period 3,516,244 1,620,005
Cash and cash equivalents, end of period 5,801,050 9,198,267
Cash paid for:    
Income taxes      
Interest 323 5,457
Equity Private Placement [Member]
    
Cash flows from financing activities:    
Net proceeds from private placement   9,829,014
Debt Private Placement [Member]
    
Cash flows from financing activities:    
Net proceeds from private placement $ 3,503,314