XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Adjustments to reconcile net loss to net cash used in operating activities:    
Net cash used in operating activities $ (1,928,188) $ (1,601,452)
Cash flows from investing activities    
Cash acquired in acquisition 869,907   
Purchase of property and equipment (303,962) (1,223,072)
Net cash provided by (used in) investing activities 565,945 (1,223,072)
Cash flows from financing activities    
Proceeds from exercise of a stock option 25 4,976
Proceeds from exercise of warrants 300   
Contribution to subsidiary by non-controlling interest    225,980
Sale of common stock 1,042,300 1,368,012
Proceeds from issuance of promissory notes and warrants 300,000 331,486
Proceeds from issuance of short-term promissory notes 90,000   
Repurchase of shares for services from related party    (25,000)
Net cash provided by financing activities 1,432,625 1,905,454
Net increase (decrease) in cash and cash equivalents 70,382 (919,070)
Cash and cash equivalents, beginning 13,611 962,331
Cash and cash equivalents, ending 83,993 43,261
Supplemental disclosure of non-cash investing and financing activities:    
Convertible notes and interest converted to common stock    830,984
Acquisition of BBHCLLC in exchange for preferred and common stock 1,658,612   
Beneficial conversion feature $ 123,000