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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,845,235) $ (10,798,727)
Net loss from discontinued operations 630,314
Compensation cost for stock options granted 650,053 633,962
Loss (gain) on disposal of intangible asset 163,333 (74,800)
Depreciation and amortization 227,387 168,264
Changes in operating assets and liabilities:    
Change in restricted cash 220,000 (275,000)
Inventory (78,265)
Prepaid expenses 72,542 72,723
Other assets 131,176 (4,456)
Accounts payable (617,094) 408,081
Payroll liabilities (524,288) 62,772
Deferred rent 11,298
Accrued expenses (451,196) (1,000,662)
Other current liabilities (45,242) (27,720)
Net cash used in continuing operating activities (4,018,564) (10,272,216)
Net cash provided by discontinued operating activities 272,344
Net cash used in operating activities (4,018,564) (9,999,872)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of furniture and equipment (5,023) (51,395)
Purchase of intangible assets (15,553)
Net cash used in continuing investing activities (5,023) (66,948)
Net cash used in discontinued investing activities (43,801)
Net cash used in investing activities (5,023) (110,749)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of common stock and warrants, net of issuance costs of $356,214 and $577,790, respectively 4,695,869 9,498,557
Payments on capital lease obligations (49,215)
Net cash provided by financing activities 4,695,869 9,449,342
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 672,282 (661,279)
CASH AND CASH EQUIVALENTS, BEGINNING BALANCE 3,715,895 8,500,718
CASH AND CASH EQUIVALENTS, ENDING BALANCE 4,388,177 7,839,439
SUPPLEMENTAL DISCLOSURES:    
Interest paid 1,304 3,311
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued as commitment fee under stock purchase agreement 198,523
Amortization of commitment shares $ 26,470 $ 392,711