Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ (3,945,254)us-gaap_NetIncomeLoss $ 2,630,402us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and license amortization 86,680us-gaap_DepreciationDepletionAndAmortization 92,629us-gaap_DepreciationDepletionAndAmortization
Share-based compensation 377,892us-gaap_ShareBasedCompensation 179,746us-gaap_ShareBasedCompensation
Expenses paid through the issuance of common stock 37,583us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 299,657us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
(Gain) loss on change in fair value of derivative liabilities 782,802us-gaap_DerivativeGainLossOnDerivativeNet (483,790)us-gaap_DerivativeGainLossOnDerivativeNet
Gain on sale of intellectual property   (4,338,601)us-gaap_GainLossOnDispositionOfIntangibleAssets
Amortization of debt issuance costs and and original issue discounts 110,015us-gaap_AmortizationOfFinancingCostsAndDiscounts 56,985us-gaap_AmortizationOfFinancingCostsAndDiscounts
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (136,769)us-gaap_IncreaseDecreaseInAccountsReceivable 317,649us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (109,994)us-gaap_IncreaseDecreaseInInventories (147,906)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (6,909)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 102,833us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets (4,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,500)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses 13,782us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (85,730)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue (4,870)us-gaap_IncreaseDecreaseInDeferredRevenue 18,508us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash flows from operating activities (2,799,042)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,359,118)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of property and equipment (6,635)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,390)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash flows from investing activities (6,635)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,390)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from stock option exercises   143,000us-gaap_ProceedsFromStockOptionsExercised
Net cash flows from financing activities   3,646,314us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (2,805,677)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,284,806us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 9,244,006us-gaap_CashAndCashEquivalentsAtCarryingValue 3,516,244us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 6,438,329us-gaap_CashAndCashEquivalentsAtCarryingValue 5,801,050us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL CASH FLOW INFORMATION    
Income taxes      
Interest 223,500us-gaap_InterestPaid 323us-gaap_InterestPaid
Debt Private Placement [Member]    
Cash flows from financing activities:    
Net proceeds from debt private placement   $ 3,503,314us-gaap_ProceedsFromIssuanceOfPrivatePlacement
/ us-gaap_StatementScenarioAxis
= mric_DebtPrivatePlacementMember