Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statement of Cash Flows

v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Cash Flows From Operating Activities  
Net loss $ (1,409,289)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization expense 36,891
Share-based compensation 178,897
Acquisition expense 155,000
Changes in operating assets and liabilities:  
Accounts receivable 2,918
Prepaid expenses (14,000)
Accounts payable and accrued expenses 820,387
Net Cash Provided by Operating Activities (229,197)
Cash Flows From Investing Activities  
Cash paid for acquisition of HPA, net of cash received 53,048
Net Cash Used in Investing Activities 53,048
Cash Flows From Financing Activities  
Sale of common stock 170,000
Net Cash Provided by Financing Activities 170,000
Noncash investing and financing activities:  
Acquisition payable 155,000
Net Increase (Decrease) in Cash (6,149)
Cash, Beginning of Period 9,247
Cash, End of Period 3,098
Supplemental disclosure of cash flow information:  
Cash paid for interest 0
Cash paid for income taxes $ 0