XML 21 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Q3) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES :    
Net loss $ (2,333,742) $ (2,256,865)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 355,385 355,385
Depreciation 146,500 178,809
Share-based compensation for stock and options issued to employees 37,605 14,452
Share-based compensation for options issued to non-employees 178,388 56,951
Equity in earnings (loss) of unconsolidated subsidiary 0 0
Amortization of debt discount on convertible note 0 (78,078)
Amortization of debt discount on promissory note 24,088 0
Amortization of debt issuance costs 17,627 7,309
Warrants issued (cancelled) for services 0 72,771
Common stock issued (cancelled) for services 0 (22,650)
Common stock issued for interest due on convertible note 27,125 2,063
Loss on early extinguishment of convertible note 0 135,078
Change in operating assets and liabilities:    
Accounts receivable (453,318) (520,864)
Inventory (286,655) 76,203
Prepaid expenses and deferred charges 35,948 17,855
Notes receivable and accrued interest 0 777,710
Accounts payable 992,187 (274,090)
Accrued liabilities 227,218 (53,720)
Accrued interest 0 (13,360)
Deferred revenue (8,755) (44,098)
Total 1,293,343 687,726
Net Cash Used in Operating Activities (1,040,399) (1,569,139)
INVESTING ACTIVITIES :    
Purchase of property and equipment (787) (28,977)
Net Cash Used in Investing Activities (787) (28,977)
FINANCING ACTIVITIES :    
Proceeds from sale of common stock and warrants, net 0 610,000
Proceeds from exercise of common stock warrants 0 1,800,000
Proceeds from issuance of promissory note and warrant, net 482,508 0
Offering cost adjustment - preferred stock sale in 2011 10,509 0
Repayment of principle due on convertible note 0 (776,609)
Net Cash Provided by Financing Activities 493,017 1,633,391
Net Increase (Decrease) in Cash (548,169) 35,275
Cash, beginning of period 550,458 5,119
Cash, end of period 2,289 40,394
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Cash paid for interest 2,962 29,006
Non-cash investing and financing activities:    
Issuance of common stock for principle due on convertible note $ 90,000 $ 582,029