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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (5,895,644) $ (3,364,100)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 1,712
Accrued interest expense 105,669 $ 329,297
Amortization of deferred financing costs 599,781
Debt discount amortization 449,209 $ 363,543
Stock-based compensation $ 829,667 148,334
Warrants issued with Line of Credit 520,487
Warrants issued to consultants $ 324,532 301,833
Loss on sale of marketable securities $ 9,623
Shares issued for services $ 1,370,118
Transaction costs financed through notes payable $ 590,000
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets $ (65,375) $ 6,768
Deferred financing costs $ (185,000)
Advances due to related party $ 98,875
Accounts payable and accrued expenses $ (69,424) 150,050
Net cash (used in) operating activities (2,534,755) $ (845,290)
Investing activities    
Purchase of property and equipment $ (504)
Proceeds from sale of marketable securities $ 37,377
Net cash (used in) provided by investing activities $ (504) 37,377
Financing activities    
Proceeds from the issuance of common stock 480,000
Repayment of debt (265,812)
Proceeds from issuance of notes payable - related party 357,200
Proceeds from issuance of notes payable $ 2,000,000 250,000
Net cash provided by financing activities 2,000,000 821,388
Net increase (decrease) in cash (535,259) 13,475
Cash, beginning of period 2,661,396 1,538
Cash, end of period $ 2,126,137 15,013
Supplemental non-cash information    
Issuance of warrants in connection with Notes Payable, net of amortization included above $ 248,744
Related Party Debt and accrued interest converted into Common Shares $ 3,852,771
Issuance of warrants in payment of financing fees $ 21,738
Note payable received in the form of investments $ 50,000
Interest paid $ 392,943
Taxes paid $ 8,840 $ 1,600