XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITES    
Net loss $ (9,154,145) $ (7,722,532)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 863,456 838,300
Provision for doubtful accounts   5,588
Amortization of debt discount and debt costs 1,278,278 1,110,863
Amortization of deferred installation costs 190,635 168,607
Amortization of deferred debt issuance and debt financing costs 145,542 2,431
Amortization of intangible assets 33,529 19,852
Amortization of prepaid expense   15,915
Interest incurred and paid in kind 3,432,006 3,089,342
Stock based compensation related to options granted 380,535 410,033
Loss on disposal of assets 1,459 43,740
Change in fair value of warrant liability (157,020) 12,954
Changes in operating assets and liabilities:    
Accounts receivable 118,850 (215,176)
Other current assets 75,992 (73,306)
Other assets 8,197 (747,283)
Accounts payable 5,542 266,512
Accrued expenses and other current liabilities 184,973 363,605
Net cash flows used in operating activities (2,592,171) (2,410,555)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (712,857) (580,053)
Payment for deferred installation costs (64,712) (159,069)
Patent and trademark costs (221,201) (52,527)
Net cash flows used in investing activities (998,770) (791,649)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes and loan payable   5,901,445
Repayment of notes payable (861)  
Repayment of mandatorily redeemable equity in join venture (861)  
Net cash flows (used in) provided by financing activities (1,722) 5,901,445
Increase (decrease) in cash (3,592,663) 2,699,241
Cash and cash equivalent, beginning of period 17,678,969 2,546,262
Cash and cash equivalents, end of period 14,086,306 5,245,503
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 1,362,550 10,170
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Beneficial conversion features for senior secured convertible notes $ 988,069 928,256
Warrants issued in connection with the senior secured convertible notes   1,471,105
Warrants issued in connection with credit facility   $ 1,257,778