XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (1,426,312) $ (331,862)
Adjustment to reconcile net loss to net cash from operating activities:    
Depreciation expense 1,319 0
Stock based compensation 154,124 0
Non cash Interest expense 9,600 0
Changes in operating assets    
Accounts receivable 141,056 (56,877)
Inventory 5,660 (110,139)
Prepaid inventory 87,649 0
Other prepaid expenses (21,325) 0
Employee advances (6,750) 0
Accounts payable and accrued expenses 100,990 22,500
Deferred revenue (17,699) 0
Deferred compensation (350,003) 262,502
Net Cash Used in Operating Activities (1,321,691) (213,876)
Cash flows from investing activities:    
Purchases of property and equipment (29,385) (530)
Net Cash Used in Investing Activity (29,385) (530)
Cash flows from financing activities:    
Proceeds from sale of common stock 2,000,000 0
Advances (repayments) from related party,net (255,704) 161,807
Proceeds from debenture note payable 200,000 0
Payments on revolving line of credit (20,641) 0
Net Cash Flows Provided by Financing Activities 1,923,655 161,807
Net change in cash and cash equivalents 572,579 (52,599)
Cash and cash equivalents at beginning of the period 17,438 56,950
Cash and cash equivalents at end of the period 590,017 4,351
Supplementary Cash Flow Information    
Cash paid for Interest 16,000 0
Non-cash transactions    
Debenture note payable paid at closing of financing net of proceeds 200,000 0
Convertible debenture assumed as part of reverse  acquisition of Teckmine Industries, Inc. 200,000 0
Retirement of shares returned from shareholder $ 1,600