XML 15 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (2,127,238) $ (2,215,215)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,189,003 982,450
Impairment of monitoring equipment and parts 60,000 $ 55,080
Bad debt expense 199,854
Amortization of debt discount 55,743 $ 89,821
Stock based compensation 159,469
Vesting and re-pricing of stock options 196,114 $ 75,082
Loss on disposal of property and equipment $ 33,805
Loss on disposal of monitoring equipment included on cost of sales $ 12,575
Change in assets and liabilities:    
Accounts receivable, net $ (836,330) (2,041,899)
Notes receivable (9,099) (7,667)
Inventories 131,348 (403,794)
Prepaid expenses and other assets (76,313) (182,680)
Accounts payable 146,921 694,958
Accrued expenses $ 418,593 450,615
Deferred revenue (10,792)
Net cash used in operating activities $ (458,130) (2,501,466)
Cash flow from investing activities:    
Purchase of property and equipment (46,970) $ (2,317)
Capitalized software (442,578)
Purchase of monitoring equipment and parts $ (898,500) $ (837,014)
Payment related to acquisition (1,937,902)
Net cash used in investing activities $ (1,388,048) (2,777,233)
Cash flow from financing activities:    
Principal payments on notes payable (587,608) (598,251)
Net cash used in financing activities (587,608) (598,251)
Effect of exchange rate changes on cash 3,766 (36,290)
Net decrease in cash (2,430,020) (5,913,240)
Cash, beginning of period 4,903,045 11,101,822
Cash, end of period $ 2,473,025 5,188,582
Cash paid for interest   7,519
Supplemental schedule of non-cash investing and financing activities:    
Issuance of stock for the acquisition of a subsidiary and milestone achievement 9,427
Series D Preferred stock dividends earned $ 9,427
Issuance of warrants for accrued Board of Director fees $ 84,912
Issuance of common shares for the acquisition of a subsidiary 531,900
Issuance of common shares in recognition of certain milestone achievements $ 616,841