| Component: (Network and Table) | |
|---|---|
| Network | 006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (http://www.abtechindustries.com/role/StatementOfCashFlowsIndirect) |
| Table | Statement [Table] |
| Reporting Entity [Axis] | 0001405858 (http://www.sec.gov/CIK) |
| Legal Entity [Axis] | Entity [Domain] |
| Statement [Line Items] | Period [Axis] | |
|---|---|---|
2011-01-01 - 2011-12-31 | 2010-01-01 - 2010-12-31 | |
Operating Activities | ||
Net loss | (5,385,803) | (2,958,415) |
Adjustments to reconcile net loss attributable to controlling interest to net cash used in operating activities | ||
Depreciation and amortization | 27,635 | 47,452 |
Common stock issued for services rendered | 320,533 | 19,980 |
Stock-based compensation expense | 135,546 | 239,265 |
Preferred stock of subsidiary issued for interest on notes payable | 20,784 | 45,877 |
Interest related to beneficial conversion feature | 1,620,955 | |
Income from forgiveness of debt | (115,000) | |
Note discount amortized as interest | 159,657 | |
Deferred charges expensed as interest | 142,836 | |
Net loss attributable to non-controlling interest | ||
Gain on change in fair value of warrant liability | (242,052) | |
Changes in operating assets and liabilities: | ||
Accounts receivable, net | (60,516) | (4,709) |
Inventories, net | 41,033 | 12,082 |
Prepaid expenses and other current assets | 38,771 | 1,905 |
Deferred charges, net | (436,222) | |
Accounts payable | (123,624) | 309,505 |
Customer deposits | (154,675) | (3,928) |
Accrued interest payable | 86,328 | 17,199 |
Accrued expenses | (2,767) | 54,414 |
Net cash used in operating activities | (3,926,581) | (2,219,373) |
Investing Activities | ||
Purchases of fixed assets | (11,606) | (15,596) |
Net cash used in investing activities | (11,606) | (15,596) |
Financing Activities | ||
Proceeds from issuance of common stock | 825,000 | 1,495,000 |
Proceeds from borrowings from shareholders | 41,000 | |
Repayment of borrowings | (1,924,957) | (551,321) |
Repayment of borrowings from shareholders | (71,500) | (141,500) |
Proceeds from notes payable | 6,497,100 | 1,291,865 |
Net decrease in due to related party | (5,077) | (4,862) |
Net cash provided by financing activities | 5,320,566 | 2,130,182 |
Net change in cash and cash equivalents | 1,382,379 | (104,787) |
Cash and cash equivalents at beginning of period | 4,123 | 108,910 |
Cash and cash equivalents at end of period | 1,386,502 | 4,123 |
Supplemental cash flow information: | ||
Cash paid for interest | 43,642 | 43,343 |
Cash paid for income taxes | xsi:nil | xsi:nil |
Noncash investing and financing activities: | ||
Preferred stock of subsidiary issued for conversion of debt, including accrued interest | 3,084,474 | 295,877 |
Common stock and warrants issued for services | 456,079 | 19,980 |
Beneficial conversion feature recorded to additional paid-in capital | 1,620,955 | |
Preferred shares of subsidiary not converting at merger | 1,184,450 | |
Unamortized portion of debt discount | 463,235 | |
Portion of debt discount in deferred charges | 118,136 | |