Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (3,437,508) $ (2,109,325)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation 23,140 55,691
Amortization of intangible assets 14,687 29,419
Amortization of deferred financing costs 44,216 22,713
Amortization of debt discount   12,238
Share-based compensation 259,912 157,860
Interest added to note 858,151  
Change in assets and liabilities:    
Accounts receivable (129,049) (96,329)
Inventory (269,144) (365,796)
Prepaid expenses and other 45,223 (106,033)
Accounts payable and accrued expenses (60,814) (78,727)
Net cash used for operating activities (2,651,186) (2,478,289)
Cash flows from investing activities:    
Purchase of property and equipment (26,007) (29,313)
Acquisition of intangible assets (31,415) (41,236)
Net cash used for investing activities (57,422) (70,549)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,654 63
Payment of fractional shares from Merger    (59)
Net cash provided by financing activities 1,654 4
Net decrease in cash and cash equivalents (2,706,954) (2,548,834)
Cash and cash equivalents, beginning of year 13,907,401 8,190,781
Cash and cash equivalents, end of period 11,200,447 5,641,947
Supplemental disclosures of cash flow activity:    
Cash paid for interest $ 172,527 $ 125,125