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Supplemental Disclosure for Statements of Cash Flows
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12 Months Ended |
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Dec. 31, 2013
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| Supplemental Cash Flow Elements [Abstract] | |
| Supplemental Disclosure for Statements of Cash Flows |
Supplemental Disclosure for Statements of Cash Flows
During 2013, 2012 and 2011, we paid interest aggregating $1.9 million, $647,000, and $4,000, respectively. During 2013, we issued 100,000 shares of our common stock as partial payment of a milestone fee. During 2012, we issued 300,000 shares of our common stock as partial payment for the execution of a sublicense agreement. During 2013, 2012, and 2011, we issued 22,126, 17,390, and 35,233 shares of our common stock, respectively, as matching contributions to our 401(k) Plan. During 2011, we transferred $25,000 of GDS Business inventory to fixed assets related to the creation and maintenance of a pool of service loaner equipment. During 2012, we prepaid $267,000 of insurance premiums through the issuance of a note payable to a finance company with an interest rate of 2.8%. During 2012, we purchased equipment under a capital lease totaling $9,000.
During 2013, the Company and Platinum entered into an Exercise Agreement, pursuant to which Platinum exercised its Series X Warrant and Series AA Warrant for 2,364.9 shares of the Company’s Series B Preferred Stock. These warrants were exercised on a cashless basis by canceling a portion of the indebtedness outstanding under the Platinum Loan Agreement equal to $4.8 million, the aggregate exercise price of the warrants.
During 2013, in conjunction with the GECC/MidCap Loan Agreement and the Crede Securities Purchase Agreement, we issued warrants with estimated fair values of $631,000 and $7.7 million, respectively. Additionally, $1.0 million of the debt discount fees related to the GECC/MidCap Loan Agreement have been deferred through the maturity date of the loan.
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