Quarterly report pursuant to sections 13 or 15(d)

Statement of Cash Flows (Unaudited)

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Statement of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (2,303,532) $ (905,728)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 49,710 48,526
Stock based compensation 857,851 161,504
Issuance of common stock in exchange for consulting services 104,115 53,550
Changes in operating assets and liabilities:    
Accounts receivable (199,767) 0
Inventory (173,163) (398)
Prepaid expenses and other current assets (60,063) (11,358)
Accounts payable (179,368) 9,947
Accrued expenses 80,728 33,039
Net cash used in operating activities (1,823,489) (610,918)
Cash flows from investing activities:    
Purchase of property and equipment (4,698) (7,756)
Net cash used in investing activities (4,698) (7,756)
Cash flows from financing activities:    
Proceeds from advances-related parties 0 40,000
Proceeds from issuance of common stock and warrants 5,139,428 522,000
Net cash provided by financing activities 5,139,428 562,000
Net increase (decrease) in cash and cash equivalents 3,311,241 (56,674)
Cash and cash equivalents, beginning of period 552,315 225,995
Cash and cash equivalents, end of period 3,863,556 169,321
Supplemental disclosure of cash flow information:    
Cash paid during the period for:Interest 0 0
Cash paid during the period for:Income taxes $ 0 $ 0