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LYFE Communications, Inc. [A Development Stage Company] Condensed Consolidated Statements of Cash Flows For the nine months ended September 30, 2011 and 2010 and for the period from inception (September 14, 2009) through September 30, 2011 (Unaudited) (USD $)
9 Months Ended24 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Net loss$ (3,550,579)$ (8,405,407)$ (13,735,826)
Depreciation and amortization109,01568,718210,326
Services provided in exchange for Shareholders' equity273,0000428,000
Share - Based Compensation Expense1,116,6245,160,8386,299,996
Loss on Disposal of asset152,4310152,431
Non-Cash Interest Expense267,9440317,318
Increase/decrease Accounts Receivable, net6,277(43,803)(53,334)
Increase/decrease Other Receivable0(7,150)0
Increase/decrease Prepaid expenses(47,866)246,251(49,978)
Increase/decrease Other assets31,333(29,949)(61,775)
Increase/decrease Accounts payable214,348397,281936,593
Increase/decrease Taxes Payable84,917132,254330,105
Increase/decrease Bank Overdraft06,8330
Increase/decrease Deferred Revenue(3,084)015,557
Increase/decrease Accrued liabilities865,162226,8941,208,726
Increase/decrease Other long-term liabilities - Deferred Rent(725)2,9553,801
Net cash used in operating activities(481,203)(2,244,285)(3,998,060)
Purchases of property and equipment(499)(296,406)(411,839)
Payments for other intangible assets(38,714)(185,021)(290,462)
Payments for other assets0(800,000)(800,000)
Net cash used in investing activities(39,213)(1,281,427)(1,502,301)
Proceeds from Note Payable418,900215,000788,900
Proceeds from Issuance of Common Stock139,0003,043,9554,749,955
Net cash provided by financing activities557,9003,258,9555,538,855
Net Increase/(decrease) in cash and cash equivalents37,484(266,757)38,494
Cash and cash equivalents at beginning of period1,010266,7570
Cash and cash equivalents at end of period38,494038,494
Interest000
Income Taxes000
Deposits Applied to Business Acquisition500,0000500,000
Debt Converted to Equity$ 148,200$ 0$ 148,200