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Condensed Consolidated Statements of Cash Flows (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating Activities: | ||
| Net Loss | $ (1,080,324)us-gaap_NetIncomeLoss | $ (1,433,922)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss from operations to net cash used in operating activities: | ||
| Stock-based compensation | 81,681us-gaap_ShareBasedCompensation | 59,796us-gaap_ShareBasedCompensation |
| Loss on marketable securities | 0us-gaap_UnrealizedGainLossOnInvestments | (434)us-gaap_UnrealizedGainLossOnInvestments |
| Changes in non-cash operating working capital items: | ||
| Accounts receivable - fees and reimbursable project costs | 150,703us-gaap_IncreaseDecreaseInAccountsReceivable | (81,822)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Prepaid expenses and other current assets | (114,310)us-gaap_IncreaseDecreaseInPrepaidExpense | (172,937)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Accounts payable, accrued liabilities and other current liabilities | (66,983)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 160,113us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net Cash Used In Operating Activities | (1,029,233)us-gaap_NetCashProvidedByUsedInOperatingActivities | (1,469,206)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing Activities: | ||
| Patent costs | (19,302)us-gaap_PaymentsToAcquireIntangibleAssets | (26,420)us-gaap_PaymentsToAcquireIntangibleAssets |
| Net Cash Used In Investing Activities | (19,302)us-gaap_NetCashProvidedByUsedInInvestingActivities | (26,420)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing Activities: | ||
| Restricted cash | (160)us-gaap_IncreaseDecreaseInRestrictedCash | (179)us-gaap_IncreaseDecreaseInRestrictedCash |
| Net Cash Used In Financing Activities | (160)us-gaap_NetCashProvidedByUsedInFinancingActivities | (179)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net Decrease In Cash and Cash Equivalents | (1,048,695)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,495,805)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and Cash Equivalents, Beginning of Period | 4,220,225us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,672,877us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and Cash Equivalents, End of Period | 3,171,530us-gaap_CashAndCashEquivalentsAtCarryingValue | 2,177,072us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid during the year: | ||
| Interest paid | 0us-gaap_InterestPaid | 0us-gaap_InterestPaid |
| Income taxes paid | $ 0us-gaap_IncomeTaxesPaid | $ 0us-gaap_IncomeTaxesPaid |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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