XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
CASH FLOW FROM OPERATING ACTIVITIES:          
Net Income (Loss) $ (155,982) $ (2,530,741) $ (10,144,768) $ 5,613,098  
Adjustments to reconcile net income (loss) to net cash used by operating activities:          
Depreciation of fixed assets 738 936 2,213 3,595  
Amortization of licenses and intangible assets 0 0 0 1,339  
Amortization of convertible debt discount     379,290 563,458  
Amortization of debt issuance costs     18,917  
Common stock issued for interest     20,328  
Preferred stock issued for loan fees     603,861  
Preferred stock for services     357,403  
Preferred stock for wages     64,982  
Stock options and warrants issued for services     782,226 28,500  
Warrants issued for services     1,069,353  
(Gain) loss on derivative liability (762,151) 562,203 3,108,889 (8,756,184)  
(Gain) loss on settlement of debt     1,877,959 (281,966)  
Penalties on notes payable     1,488,410  
Changes in operating assets and liabilities:          
Prepaid expenses     (4,240) (4,568)  
Accounts payable     25,239 48,108  
Payroll liabilities     144,503 196,271  
Accrued interest     87,265 383,868  
Net cash used by operating activities     (1,645,825) (676,826)  
CASH FLOWS FROM INVESTING ACTIVITIES      
CASH FLOWS FROM FINANCING ACTIVITIES:          
Principal payments on capital lease     (39,481)  
Debt issuance costs     (5,000)  
Proceeds from exercise of warrants     250  
Proceeds from short term debt     168,000  
Proceeds from officer related party debt     43,000  
Payments on convertible debt     (10,000) (95,000)  
Proceeds from convertible debt     1,476,558 612,500  
Net cash provided by financing activities     1,466,808 684,019  
Net increase (decrease) in cash     (179,017) 7,193  
Cash, beginning of period     179,032 203 $ 203
CASH, END OF PERIOD $ 15 $ 7,396 15 7,396 $ 179,032
Supplemental disclosures of cash flow information:          
Cash paid for interest     9,920  
Cash paid for income taxes