XML 23 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss from continuing operations $ (4,523,762) $ (6,792,799)
Net income (loss) from discontinued operations 199,452 (8,720)
NET LOSS (4,324,310) (6,801,519)
Items not affecting cash:    
Depreciation of property plant and equipment 734,797 861,509
Accreation of long-term liability 193,737 184,620
Impairment loss - property, plant and equipment 593,060 927,163
Accrued interest expense 575,823 $ 380,428
Stock issued for Class Action suit settlement 240,000
Stock issued for Services 320,994 $ 821,974
Gain in stock and warrants revaluation (1,400)
Stock issued in reduction of Accounts Payable 19,200
Write-off of Inventory 86,053
Write-off of Property plant and equipment 18,907 $ 193,913
Other 102 (276)
Working capital changes:    
Cash held in attorney trust 2,003 10,634
Accounts receivable $ 1,091 50,258
Inventories 61,067
Prepaid expenses $ 8,531 56,076
Accounts payable 58,876 372,855
Accrued expenses 134,119 1,076,828
Other liabilities 9,860 74,883
Changes attributable to discontinued operations (416,852) (83,466)
NET CASH USED IN OPERATING ACTIVITIES $ (1,745,409) (1,813,053)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of assets 102,374
Property, plant and equipment additions $ (13,775)
Increase in restricted cash $ (100)
Increase in deposit (452)
NET CASH USED IN INVESTING ACTIVITIES (552) $ 88,599
CASH FLOWS FROM FINANCING ACTIVITIES    
Stock issuance proceeds, net $ 25,000 665,095
Proceeds from exercise of warrants 40,000
Proceeds from short-term loans – related party $ 1,634,095 464,318
Repayment of short-term loans - related party (469,256)
Repayment of Mortgages and Capital Leases $ (74,298)  
Proceeds from long-term notes payable - related party 1,000,000
NET CASH PROVIDED BY FINANCING ACTIVITIES $ 1,584,797 1,700,157
NET DECREASE IN CASH AND CASH EQUIVALENTS (161,164) (24,297)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 179,652 203,949
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 18,488 $ 179,652
Supplemental disclosure of cash flow information    
Cash paid for income taxes
Cash paid for interest $ 16,001 $ 26,574
Schedule of non-cash Investing and Financing activities    
Accounts payable settled with stock 30,003 $ 21,540
Class action suit settlement with stock $ 240,000