Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,047,455)us-gaap_NetIncomeLoss $ (1,759,655)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,919us-gaap_DepreciationDepletionAndAmortization 19,642us-gaap_DepreciationDepletionAndAmortization
Accretion of interest and amortization of debt issue costs 425,226us-gaap_AmortizationOfDebtDiscountPremium 210,129us-gaap_AmortizationOfDebtDiscountPremium
Conversion option value in excess of debt 308,328pbio_ConversionOptionValueInExcessOfDebt   
Stock-based compensation expense 54,890us-gaap_ShareBasedCompensation 18,896us-gaap_ShareBasedCompensation
Amortization of third party fees paid in common stock 46,744pbio_AmortizationOfThirdPartyFeesPaidInRestrictedCommonStock 17,192pbio_AmortizationOfThirdPartyFeesPaidInRestrictedCommonStock
Change in fair value of derivative liabilities 221,810us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet 732,677us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Changes in operating assets and liabilities:    
Accounts receivable (51,391)us-gaap_IncreaseDecreaseInAccountsReceivable (30,727)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 51,557us-gaap_IncreaseDecreaseInInventories (50,076)us-gaap_IncreaseDecreaseInInventories
Accounts payable (115,670)us-gaap_IncreaseDecreaseInAccountsPayableTrade (89,987)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued employee compensation (16)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (17,982)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Deferred revenue and other accrued expenses 71,412us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (95,377)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Prepaid expenses and other current assets (22,836)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (58,647)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Net cash used in operating activities (1,050,482)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,103,915)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property plant and equipment    (5,097)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities    (5,097)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from related party debt 6,300us-gaap_ProceedsFromRelatedPartyDebt   
Payment of related party debt (12,300)us-gaap_RepaymentsOfRelatedPartyDebt (19,933)us-gaap_RepaymentsOfRelatedPartyDebt
Net proceeds from convertible debt 1,054,750us-gaap_ProceedsFromConvertibleDebt 270,000us-gaap_ProceedsFromConvertibleDebt
Payments on convertible debt (500,500)us-gaap_RepaymentsOfConvertibleDebt (203,100)us-gaap_RepaymentsOfConvertibleDebt
Net proceeds from non-convertible debt 396,127us-gaap_ProceedsFromRepaymentsOfOtherLongTermDebt   
Payments on non-convertible debt (147,534)us-gaap_RepaymentsOfOtherLongTermDebt (109,695)us-gaap_RepaymentsOfOtherLongTermDebt
Net proceeds from the issuance of common stock    112,500us-gaap_ProceedsFromIssuanceOfCommonStock
Net proceeds from the issuance of convertible preferred stock    1,456,360us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
Net cash provided by financing activities 796,844us-gaap_NetCashProvidedByUsedInFinancingActivities 1,506,132us-gaap_NetCashProvidedByUsedInFinancingActivities
Change in cash and cash equivalents (253,638)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 397,120us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 473,948us-gaap_CashAndCashEquivalentsAtCarryingValue 31,417us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 220,310us-gaap_CashAndCashEquivalentsAtCarryingValue 428,537us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL INFORMATION:    
Interest paid in cash 203,311us-gaap_InterestPaid 20,258us-gaap_InterestPaid
NON CASH FINANCING ACTIVITY:    
Convertible debt exchanged for convertible preferred stock    270,000pbio_ConvertibleDebtExchangedForPreferredStock
Accrued dividends on preferred stock 16,668pbio_AccruedDividendsOnPreferredStock 44,987pbio_AccruedDividendsOnPreferredStock
Issuance of convertible preferred stock for interest    30,000pbio_IssuanceOfConvertiblePreferredStockForInterest
Issuance of convertible preferred stock for board of director and other fees    92,750pbio_IssuanceOfConvertiblePreferredStockForBoardOfDirectorAndOtherFees
Deemed dividend on convertible preferred stock    1,280,066pbio_DeemedDividendOnConvertiblePreferredStock
Convertible debt exchanged for common stock 138,000pbio_ConvertibleDebtExchangedForCommonStock 37,500pbio_ConvertibleDebtExchangedForCommonStock
Reclassification of conversion option liabilities into equity 661,464pbio_ReclassificationOfConversionOptionLiabilitiesIntoEquity 199,507pbio_ReclassificationOfConversionOptionLiabilitiesIntoEquity
Reclassification of warrant liability into equity    $ 255,137pbio_ReclassificationOfWarrantLiabilityIntoEquity