XML 31 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to controlling interests $ (2,935,112) $ (3,697,453)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-controlling interest adjustment 25
Cash effect of acquisition of Basalt America 77,997
Depreciation 18,638 65,131
Amortization of debt discount 10,407 200,716
Loss on extinguishment of debt 72,000 1,078,232
Stock-based compensation 815,790 1,138,842
Loss on leasehold and deposit 221,328
Amortization of license agreement 50,000
Common stock issued for services 62,500 407,680
Changes in operating assets and liabilities:    
(Increase) decrease in prepaid expense (9,431) 7,327
(Increase) decrease in inventory (377,184) 55,836
Decrease in accounts receivable 8,835
Increase in other current assets (22,806) (499)
Decrease in accrued expenses - related party (500,000) (10,544)
Increase (decrease) in customer deposits (34,634) 31,036
Increase in accounts payable and accrued expenses 321,219 268,197
Net cash used in operating activities (2,298,425) (377,502)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (456,881) (2,160)
Deposits on machinery and equipment (1,060,000)
Net cash used in investing activities (1,516,881) (2,160)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from purchase order funding 55,000
Proceeds from purchase order funding - related party 4,000
Repayment to related party (5,589)
Proceeds from notes payable - related party 215,000
Proceeds from related party 33,397
Repayment of purchase order funding (1,885) (31,615)
Proceeds from notes payable 30,000 5,000
Repayment of note payable (5,000)
Proceeds from sale of JV interest 502,500
Proceeds from notes payable related party - convertible 63,975
Proceeds from sale of common stock 3,175,680 293,000
Net cash provided by financing activities 3,915,706 417,757
NET INCREASE IN CASH 100,400 38,095
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 88,338 50,243
CASH AND CASH EQUIVALENTS AT END OF YEAR 188,738 88,338
Supplemental cash flow information:    
Cash paid for income taxes
Cash paid for interest expense