XML 17 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net loss $ (1,319,117) $ (901,818)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 67,836 9,006
Loss on disposal of property and equipment 35,534
Amortization of debt issuance costs 13,188 37,009
Issuance of common stock in exchange for services 125,030 86,317
Stock-based compensation 276,068 158,658
Changes in operating assets and liabilities:    
Trade receivables (90,280) (15,171)
Inventories (1,254,671) (112,208)
Prepaid expenses and other assets (109,460) 29,512
Accounts payable (358,091) 13,961
Accrued liabilities 85,315 (466,335)
Deferred revenue 17,125 (668)
Net cash used in operating activities (2,547,057) (1,126,203)
Cash Flows From Investing Activities:    
Cash acquired in acquisition 7,062
Purchases of property and equipment (343,722) (39,631)
Net cash used in investing activities (343,722) (32,569)
Cash Flows From Financing Activities:    
Stock issuance cost related to acquisitions (5,580)
Proceeds from common stock, net of issuance costs of $6,033, with detachable warrants 802,467
Proceeds from warrant exercise 680,400 159,250
Payments on conversion of note payable (1,716)
Payments of principal on notes payable (71,817)
Proceeds from convertible notes payable, net of issuance costs 1,250,000
Net cash provided by financing activities 1,858,583 954,421
Net increase in cash (1,032,196) (204,351)
Cash - beginning of period 2,586,315 1,088,066
Cash - end of period 1,554,119 883,715
Supplemental Disclosure of Cash Flow Information    
Cash paid during the year for interest 8,917 10,800
Supplemental Disclosure of Non-Cash Financing Activity    
Issuance of common stock for the acquisition of MotherLode Craft Distillery, LLC 377,000
Common stock issued in exchange of notes payable $ 87,500