text: **Net Loss**The Company’s net loss increased to $49.6 million for the year ended December 31, 2000, as compared to $30.9 million for the year 
  ended December 31, 1999 and $28.4 million for the year ended December 31, 1998, as a result of the factors discussed above. 
  
  LI Q U I D I T Y A N D CA P I TA L RE S O U R C E S 
  
  Since its inception, the Company has sustained negative cash flows from operations and has financed its operations and capital expenditure s 
  primarily through the proceeds from the 1998 issue of Deutsche Mark denominated notes payable, the Company’s 1997 public equity off e r i n g , 
  equipment lease financing and private placements of equity securities. The net proceeds of such transactions, together with revenues fro m 
  operations and interest income have been used to fund aggregate net losses of approximately $123.8 million, investments in pro p e rt y, plant and 
  equipment of approximately $52.8 million and acquisitions of $24.6 million. 