Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2013
Successor
Jun. 30, 2012
Predecessor
Cash flows from operating activities:    
Net loss $ (2,622,513) $ (4,215,327)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 105,371 43,658
Stock-based compensation 45,132 278,130
Changes in assets and liabilities:    
Costs in excess of billings on uncompleted contracts 0 (480,887)
Prepaid expenses and other current assets (68,208) (13,381)
Accounts payable 690,701 392,076
Accrued expenses 499,704 14,290
Net cash used in operating activities (1,349,813) (3,981,441)
Cash flows from investing activity:    
Purchase of property and equipment (3,339) (23,025)
Net cash used by investing activities (3,339) (23,025)
Cash flows from financing activities:    
Cash contributions from Parent 0 4,004,466
Proceeds from issuance of common stock 728,382 0
Proceeds from exercise of unvested stock options 2,827 0
Repurchase of nonvested stock (77) 0
Proceeds from related party notes 560,200 0
Advance from related party 184,127 0
Net Cash Provided by Financing Activities 1,475,459 4,004,466
Net increase in cash and cash equivalents 122,307 0
Cash and cash equivalents at beginning of period 93,285 0
Cash and cash equivalents at end of period 215,592 0
Supplemental schedule of non-cash investing and financing activities:    
Conversion of notes payable into common stock 260,200 0
Conversion of advances from related party into common stock 184,127 0
Conversion of accounts payable into common stock $ 227,291 $ 0