XML 70 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - CAD
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period CAD (6,696,333) CAD (1,078,536)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation and amortization 12,524 CAD 12,155
Amortization of deferred financing fees CAD 6,358  
Non-cash interest charges   CAD 35,728
Amortization of original issue discount CAD 6,958  
Legal fees incurred deducted from proceeds of notes payable CAD 24,250  
Shares and options issued for compensation   CAD 239,990
Fair value adjustment in derivative liabilities CAD 60,193 88,848
Common stock/stock options issued or to be issued for services rendered 5,891,495 83,948
Change in assets and liabilities    
(Increase) decrease in prepaid expenses and deposits CAD (866,717) 41,441
(Increase) decrease in sales tax receivable   CAD (16,358)
(Increase) in in inventory CAD (118,884)  
(Decrease) in accounts payable and accrued expenses 245,420 CAD (60,796)
Total adjustments 5,261,597 424,956
Net cash (used in) operating activities CAD (1,434,736) (653,580)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets   (2,613)
Acquisition of mining rights   (68,387)
Net cash (used in) investing activities   (71,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds received from convertible notes CAD 770,250 CAD 222,500
Repayments of notes payable (29,573)  
Proceeds received for common stock and liability for stock to be issued 708,770 CAD 12,500
Net cash provided by financing activities 1,449,447 235,000
Effect of foreign currency (6,109) (10,575)
NET INCREASE (DECREASE) IN CASH 8,602 (500,155)
CASH - BEGINNING OF PERIOD 53,813 535,934
CASH - END OF PERIOD 62,415 35,779
Cash paid during the period for:    
Interest CAD 5,278 CAD 1,423
Income taxes    
SUPPLEMENTAL NON-CASH ACTIVITY:    
Common stock issued for mining rights   CAD 340,000
Deferred compensation for common stock   CAD 187,500
Issuance of common stock and warrants for prepaid expenses    
Non-Cash purchase of Breathe LLC    
Cash    
Accounts payable and other current liabilities CAD (50,606)  
Goodwill 9,050,606  
Total non-cash asset purchase 9,000,000  
Common Stock 150,000  
Addition Paid in Capital 8,850,000  
Total non-cash consideration paid CAD 9,000,000  
Spin-off of DNA Canada, Inc.    
Cash    
Prepaid expenses CAD 191,584  
Fixed assets 138,049  
Mining rights 1,035,818  
Accounts payable (111,275)  
Asset retirement obligation (107,749)  
Note payable (125,451)  
Accumulated comprehensive income 114,446  
Due to Company (5,296,228)  
Adjustment to APIC (4,160,806)  
Shares received in TAUG for commercialization of product 100,000  
Common shares issued for investment in Tauriga 100,000  
Original issue discount netted from convertible notes 40,000  
Inventory purchased through issuance of common stock CAD 22,500