Quarterly report pursuant to sections 13 or 15(d)

Statement of Cash Flows (Unaudited)

v2.4.0.6
Statement of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (667,422) $ (257,405)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 16,500 16,071
Stock based compensation 192,165 73,482
Issuance of common stock in exchange for consulting services 5,250   
Changes in:    
Accounts receivable (3,335) (8,188)
Inventory (8,570) (1,130)
Prepaid expenses and other current assets (36,193) (527)
Accounts payable 61,473 (20,911)
Accrued expenses 24,942 (1,852)
Net cash used in operating activities (415,190) (200,460)
Cash flows from investing activities:    
Purchase of property and equipment (2,451)   
Net cash (used in) provided by investing activities (2,451)   
Cash flows from financing activities:    
Proceeds from issuance of common stock and warrants 250,000   
Net cash provided by financing activities: 250,000   
Net decrease in cash and cash equivalents (167,641) (200,460)
Cash and cash equivalents, beginning of period 552,315 225,995
Cash and cash equivalents, end of period 384,674 25,535
Supplemental disclosure of cash flow information:    
Cash paid during the period for:Interest      
Cash paid during the period for:Income taxes      
Non-cash investing and financing activities    
Value of common stock issued to settle accrued liabilities $ 14,000