XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net cash used in operating activities $ (1,263,095) $ (1,374,477)
Cash flows from investing activities    
Cash acquired in acquisition 869,907   
Purchase of property and equipment (256,013) (1,079,161)
Net cash provided by (used in) investing activities 613,894 (1,079,161)
Cash flows from financing activities    
Proceeds from exercise of a stock option    4,976
Contribution to subsidiary by non-controlling interest    225,980
Sale of common stock 827,300 1,312,012
Proceeds from issuance of promissory note and warrant    200,000
Net cash provided by financing activities 827,300 1,742,968
Net increase (decrease) in cash and cash equivalents 178,099 (710,670)
Cash and cash equivalents, beginning 13,611 962,331
Cash and cash equivalents, ending 191,710 251,661
Supplemental disclosure of non-cash investing and financing activities:    
Convertible notes and interest converted to common stock    830,984
Property and equipment recorded in exchange for accounts payable    125,000
Acquisition of BBHCLLC in exchange for preferred and common stock $ 1,658,612