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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,327,540) $ (3,335,291)
Net loss from discontinued operations 0 61,204
Compensation cost for stock options granted 192,457 148,869
Loss on disposal of an asset 163,333 0
Depreciation and amortization 75,729 64,249
Changes in operating assets and liabilities:    
Inventory 0 (82,389)
Prepaid expenses (34,643) (33,345)
Other assets 110,662 (128,359)
Accounts payable (385,396) 453,163
Payroll liabilities (434,401) 456,792
Deferred rent 0 4,744
Accrued expenses (294,675) (115,981)
Other current liabilities (60,281) 686
Net cash used in continuing operating activities (2,994,755) (2,505,658)
Net cash used in discontinued operating activities 0 (493,005)
Net cash used in operating activities (2,994,755) (2,998,663)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of furniture and equipment (5,020) (28,110)
Net cash used in continuing investing activities (5,020) (28,110)
Net cash used in discontinued investing activities 0 (37,925)
Net cash used in investing activities (5,020) (66,035)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of common stock and warrants 2,166,537 4,292,349
Net cash provided by financing activities 2,166,537 4,292,349
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (833,238) 1,227,651
CASH AND CASH EQUIVALENTS, BEGINNING BALANCE 3,715,895 8,500,718
CASH AND CASH EQUIVALENTS, ENDING BALANCE 2,882,657 9,728,369
SUPPLEMENTAL DISCLOSURES:    
Interest paid 0 1,415
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Amortization of commitment shares $ 0 $ 351,961