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, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (128,000) $ 4,081,000
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Loss on change in fair value of derivative - warrants 0 247,000
(Gain) on change in fair value of derivative - preferred stock (583,000) (4,780,000)
Depreciation and amortization 0 1,000
Stock option compensation expense 64,000 77,000
Stock issued to directors and employees 0 29,000
Stock issued for services 75,000 10,000
Change in operating assets and liabilities:    
Receivables 15,000 (391,000)
Inventory 0 44,000
Prepaid expenses and other current assets (5,000) 9,000
Accounts payable and accrued expenses 212,000 346,000
Interest payable on dividends 122,000 43,000
Deferred revenue 103,000 (62,000)
Net cash provided by (used in) operating activities (125,000) (346,000)
Net increase (decrease) in cash and cash equivalents (125,000) (346,000)
Cash and cash equivalents at beginning of period 424,000 396,000
Cash and cash equivalents at end of period 299,000 50,000
Supplemental cash flow information:    
Cash paid for interest 0 0
Supplemental disclosure of noncash transactions:    
Preferred stock dividends in dividends payable $ 725,000 $ 727,000