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, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (950,003) $ (3,474,389)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and license amortization 114,569 98,633
Share-based compensation 318,467 229,855
Gain on change in fair value of derivative liabilities (1,497,443)  
Loss on loan modification 1,356,177  
Amortization and write-off of debt issuance costs and original issue discounts 12,375 2,058,746
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 61,387 242,950
Inventory (156,265) (20,596)
Prepaid expenses and other current assets 47,639 (37,155)
Other assets 22,763 1,101
Accounts payable and accrued expenses (809,707) (333,165)
Deferred revenue (762,725) (650,000)
Net cash flows from operating activities (2,242,766) (1,884,020)
Cash flows from investing activities:    
Purchases of property and equipment (7,986) (4,521)
Net cash flows from investing activities (7,986) (4,521)
Cash flows from financing activities:    
Net proceeds from private placement, net of issuance costs 9,829,014  
Proceeds from issuance of convertible notes payable, net of issuance costs   3,424,950
Net cash flows from financing activities 9,829,014 3,424,950
Net change in cash and cash equivalents 7,578,262 1,536,409
Cash and cash equivalents, beginning of period 1,620,005 145,478
Cash and cash equivalents, end of period 9,198,267 1,681,887
Cash paid for:    
Income taxes      
Interest $ 5,457