Note 12 - Supplemental Statement of Cash Flows Information

12 Months Ended

Dec. 31, 2013

Notes

Note 12 - Supplemental Statement of Cash Flows Information

Note 12 – Supplemental Statement of Cash Flows Information

During the years ended December 31, 2013 and 2012, we paid no amounts for income taxes.

During the years ended December 31, 2013 and 2012, we paid $53,595 and $0 for interest expense, respectively.

During the year ended December 31, 2013, we had the following non-cash investing and financing activities:

•  Increased prepaid consulting services by $1,648,655, increased common stock by $1,378, increased unissued common stock by $87, and increased additional paid-in capital by $1,647,190 for shares of common stock issued for consulting services. 

•  Increased common stock and decreased unissued common stock by $60 for the issuance of previously unissued common stock. 

•  Increased additional paid-in capital and decreased unissued common stock by $1 for the cancellation of unissued common stock. 

•  Decreased accrued interest payable by $9,706, decreased derivative liability by $631,405, decreased convertible debentures by $1,496,461, increased common stock by $1,399, increased unissued common stock by $13 and increased additional paid-in capital by $2,136,160 for the issuance of common stock in conversion of debt. 

•  Decreased notes payable by $103,000 and long-term debt by $100,000 and increased convertible debentures by $203,000 for indebtedness exchanged for convertible debentures. 

•  Decreased accrued interest payable by $61,016 and increased convertible debentures by $61,016 for accrued interest exchanged for convertible debentures. 

•  Increased debt discount and derivative liability by $875,662.

We had no non-cash financing and investing activities during the year ended December 31, 2012.