XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:    
Net income (loss) $ 818,118 $ (2,035,793)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 117,589 85,448
Loss on disposal of equipment 36,876
Loss on CONtv joint venture 225,000 1,046,525
Share-based compensation 642,708 999,278
Changes in operating assets and liabilities:    
Accounts receivable 141,122 (221,652)
Inventory (132,039) (34,747)
Prepaid convention expenses 522,210 (173,951)
Prepaid rent (191,120)
Security deposits (10,312) (1,000)
Accounts payable and accrued liabilities (194,286) 505,614
Unearned revenue (3,221,138) (652,246)
Net Cash Used In Operating Activities (1,245,272) (482,524)
Cash Flows from Investing Activities:    
Purchase of property and equipment (144,871) (77,487)
Proceeds received on disposal of equipment 4,850
Investment (3,319)
Investment in CONtv joint venture - net (150,000) (953,872)
Net Cash Used In Investing Activities (290,021) (1,034,678)
Cash Flows from Financing Activities:    
Proceeds from the exercise of options 4,000
Net Cash Provided By Financing Activities 4,000
Net change in cash and cash equivalents (1,535,293) (1,513,202)
Cash and cash equivalents at beginning of year 4,723,699 5,790,724
Cash and cash equivalents at end of reporting period 3,188,406 4,277,522
Supplemental disclosures of cash flow information:    
Interest paid 1,028
Income tax paid
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of controlling interest of ConBox $ 96,781