Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net loss $ (17,710,476)us-gaap_NetIncomeLoss $ (14,556,885)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation 153,670us-gaap_DepreciationDepletionAndAmortization 79,232us-gaap_DepreciationDepletionAndAmortization
Amortization of intangible assets 45,224us-gaap_AmortizationOfIntangibleAssets 59,100us-gaap_AmortizationOfIntangibleAssets
Loss on impairment   9,424axgn_ImpairmentOfIntangibleAssetsAndGoodwill
Amortization of deferred financing costs 199,328us-gaap_AmortizationOfFinancingCosts 178,864us-gaap_AmortizationOfFinancingCosts
Write off of deferred financing costs 901,192axgn_WriteOffOfDeferredFinancingCosts  
Provision for bad debt 35,478us-gaap_ProvisionForDoubtfulAccounts 58,617us-gaap_ProvisionForDoubtfulAccounts
Stock-based compensation 956,449us-gaap_ShareBasedCompensation 671,887us-gaap_ShareBasedCompensation
Stock grant for service 60,125us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims  
Interest added to note payable 5,022,082us-gaap_PaidInKindInterest 3,783,443us-gaap_PaidInKindInterest
Change in assets and liabilities:    
Accounts receivable (1,014,087)us-gaap_IncreaseDecreaseInAccountsReceivable (902,227)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory 184,818us-gaap_IncreaseDecreaseInInventories (247,329)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other 187,350us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (109,463)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses 498,290us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 430,579us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue 29,498us-gaap_IncreaseDecreaseInDeferredRevenue 100,000us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used for operating activities (10,451,059)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (10,444,758)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of property and equipment (542,045)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (178,776)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition of intangible assets (52,002)us-gaap_PaymentsToAcquireIntangibleAssets (65,189)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used for investing activities (594,047)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (243,965)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,625,748us-gaap_ProceedsFromIssuanceOfCommonStock 16,777,746us-gaap_ProceedsFromIssuanceOfCommonStock
Repayments of long-term debt (1,750,000)us-gaap_RepaymentsOfLongTermDebt  
Debt issuance costs (820,441)us-gaap_PaymentsOfDebtIssuanceCosts  
Proceeds from exercise of stock options 135,840us-gaap_ProceedsFromStockOptionsExercised 73,326us-gaap_ProceedsFromStockOptionsExercised
Net cash (used) / provided by financing activities (808,853)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 16,851,072us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net (decrease) / increase in cash and cash equivalents (11,853,959)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,162,349us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 20,069,750us-gaap_CashAndCashEquivalentsAtCarryingValue 13,907,401us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 8,215,791us-gaap_CashAndCashEquivalentsAtCarryingValue 20,069,750us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow activity:    
Cash paid for interest 3,912,463us-gaap_InterestPaid 1,030,219us-gaap_InterestPaid
Supplemental disclosure of non-cash investing and financing activities:    
Payments of fixed assets in accounts payable 22,575us-gaap_CapitalExpendituresIncurredButNotYetPaid 173,611us-gaap_CapitalExpendituresIncurredButNotYetPaid
Payments of long term debt with proceeds from note payable of $25,000,000 and issuance of shares of $3,550,000 $ 28,550,000us-gaap_NotesReduction