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

STATEMENTS OF CASH FLOWS

v2.3.0.15
STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended 12 Months Ended 99 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2010
Mar. 31, 2011
Pre Acquisition
Mar. 31, 2010
Pre Acquisition
Dec. 31, 2010
Pre Acquisition
Dec. 31, 2009
Pre Acquisition
CASH FLOWS FROM OPERATING ACTIVITIES:                  
Net income (loss) $ (5,469,502) $ (4,098,423) $ (4,560,263) $ (6,219,873) $ (24,045,004) $ (1,010,072) $ 5,350,122 $ 2,095,392 $ (22,273,306)
Adjustments to reconcile net income (loss) to cash used in operating activities:                  
Depreciation and amortization 439,587 435,917 580,114 576,745 1,831,197 2,240 27,290 35,342 32,354
Stock-based compensation 655,656 331,186 353,340 502,199 1,947,413 108,378 (97,479) 337,298 864,337
Intrinsic value of beneficial conversion feature associated with convertible debt 257,973 213,792 213,792   213,792        
Issuance of stock for technology and services         89,520        
Impairment of intangible assets   19,671 19,671   19,671        
Loss on disposal of fixed assets 6,009     1,607 30,468        
(Gain) loss on derivative warrants 66,820         (125,490) (7,897,441) (8,118,174) 12,114,371
Non-cash settlement of liquidated damages               819,000  
Changes in:                  
Prepaid expenses and other current assets (224,548) 20,614 18,584 23,152 (62,914) 35,483 (47,574) 39,397 26,862
Accounts payable and accrued liabilities (331,357) (419,634) (322,707) 278,131 392,881 (315,715) (403,760) (2,733,494) (1,354,695)
Accrued interest 158,672 222,748 305,049   305,049        
Accrued compensation             (238,022) (245,711) 5,072
Deferred rent 6,083 4,765 9,973 62,789 115,311        
Deferred revenue           (8,333) (8,333) (33,333) (33,333)
Cash used in operating activities (4,434,607) (3,269,364) (3,382,447) (4,775,250) (19,162,616) (1,313,509) (3,315,197) (7,804,283) (10,618,338)
CASH FLOWS FROM INVESTING ACTIVITIES:                  
Cash acquired in a business combination 905,649                
Purchases of fixed assets (112,195)   (1,652) (143,347) (5,368,181)       (18,000)
Proceeds from sale of fixed assets         7,000        
Purchases of short-term certificates of deposit         (5,500,730)        
Proceeds from short-term certificates of deposit         5,500,730        
Change in restricted cash 500,000       (555,000)        
Payment for intangible assets         (19,671)        
Cash provided by (used in) investing activities 1,293,454   (1,652) (143,347) (5,935,852)       (18,000)
CASH FLOWS FROM FINANCING ACTIVITIES:                  
Proceeds from issuance of convertible notes   2,720,985 2,720,985   2,720,985        
Proceeds from long-term obligations     450,000   1,677,945        
Payments on long-term obligations (675,743) (141,794) (190,789) (177,807) (552,201)        
Payments on capital lease obligations (1,549) (1,446) (1,944) (619) (2,563)        
Proceeds from issuance of common stock, net of issuance costs 4,866,406       21,709,708     1,249,138 8,938,884
Proceeds from exercise of warrant         250,000        
Proceeds from issuance of Series E convertible preferred stock and warrants, net                 9,204,531
Repurchase of common stock         (31,667)        
Cash paid in lieu of fractional shares in a business combination (145)                
Change in deferred issuance costs/financing costs (130,800) 99,461 99,461 (99,461)   (28,500)      
Proceeds from exercise of stock options             157,400 158,567  
Cash provided by (used in) financing activities 4,058,169 2,677,206 3,077,713 (277,887) 25,772,207 (28,500) 157,400 1,407,705 18,143,415
INCREASE (DECREASE) IN CASH AND EQUIVALENTS 917,016 (592,158) (306,386) (5,196,484) 673,739 (1,342,009) (3,157,797) (6,396,578) 7,507,077
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 673,739 980,125 980,125 6,176,609   2,372,951 8,769,529 8,769,529 1,262,452
CASH AND EQUIVALENTS AT END OF PERIOD 1,590,755 387,967 673,739 980,125 673,739 1,030,942 5,611,732 2,372,951 8,769,529
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING ACTIVITIES                  
Interest paid 13,716 42,888 55,454 68,436 194,973        
Fair value of derivative warrants reclassified to additional paid-in capital upon cashless exercise 48,339           2,584,397    
Issuance of common stock upon conversion of notes payable and accrued interest 3,184,707                
Carrying value of redeemable preferred stock converted into common stock             4,689,593    
Fair value of assets acquired in exchange for securities in a business combination 78,407                
Fair value of liabilities assumed in exchange for securities in a business combination (439,615)                
Excess of purchase price over net assets acquired in a business combination 1,675,462                
Fair value of common stock issued in exchange for tender of derivative warrants                 1,625,760
Exchange of Series D for Series E preferred stock                 13,904,100
Relative fair value of warrants issued to stockholders               $ 504,227 $ 4,835,727