XML 20 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flow from operating activities:    
Net loss $ (4,790,530) $ (6,833,568)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 78,566 63,040
Vested stock options and warrants 871,877 723,367
Equity instruments issued for management and consulting (6,667) 112,054
Amortization of debt discount 219,097 247,338
Penalty on debt provision 10,031  
Loss on Sales of Equipment 17,076  
(Gain) loss on valuation of equity-linked instruments   (11,599)
Changes in assets and liabilities:    
Accounts receivable 19,266 39,696
Inventories 135,627 (245,192)
Prepaid expense and other assets (81,564) (129,427)
Accounts payable (1,544,105) 1,132,410
Accrued expenses (2,415,967) 1,594,468
Deferred Revenue   (64,000)
Net cash used in operating activities: (7,487,293) (3,371,413)
Cash flow from investing activities:    
Purchase of fixed assets (32,470) (101,409)
Purchase of intangibles (28,095) (19,828)
Net cash used in investing activities (60,565) (121,237)
Cash flow from financing activities:    
Proceeds from long-term and convertible debt 250,000 1,500,000
Principal payments on debt (933,074) (305,000)
Net proceeds from issuance of preferred stock 18,950 2,055,000
Net proceeds from issuance of common stock 13,051,830 157,081
Net cash provided by financing activities 12,387,706 3,407,081
Net increase (decrease) in cash 4,839,848 (85,569)
Cash at beginning of period 16,384 101,953
Cash at end of period 4,856,232 16,384
Non cash transactions:    
Common stock issued for accrued interest/bonus   694,500
Common stock issued to satisfy debt $ 483,478 $ 480,616