XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flow from operating activities:    
Net loss $ (5,601,438)us-gaap_ProfitLoss $ (134,694)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation 1,074us-gaap_DepreciationDepletionAndAmortization 1,213us-gaap_DepreciationDepletionAndAmortization
Non-cash officer compensation 342,250cik1537917_NonCashOfficerCompensation   
Issuance of common stock for services 625,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims   
Stock-based compensation 50,000us-gaap_ShareBasedCompensation   
Issuance of common stock for services 3,465,000cik1537917_IssuanceOfStockAndWarrantsForServicesOrClaimsTransactionTwo   
Changes in operating assets and liabilities    
Prepaid assets (244,020)us-gaap_IncreaseDecreaseInPrepaidExpense   
Accounts payable and other current liabilities (577,299)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 13,567us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (1,939,433)us-gaap_NetCashProvidedByUsedInOperatingActivities (119,914)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activity:    
Purchases of property and equipment    (2,710)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities    (2,710)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Capital contributions - noncontrolling interest    35,000us-gaap_ProceedsFromMinorityShareholders
Changes in due from stockholders/members 13,516cik1537917_IncreaseDecreaseDueFromStockholders (160,000)cik1537917_IncreaseDecreaseDueFromStockholders
Change in due to officer 17,623cik1537917_IncreaseDecreaseDueToOfficers   
Proceeds from bridge note 960,000us-gaap_ProceedsFromIssuanceOfSecuredDebt   
Proceeds from private placement offering 4,264,950us-gaap_ProceedsFromIssuanceOfPrivatePlacement   
Proceeds from issuance of convertible notes    200,000us-gaap_ProceedsFromConvertibleDebt
Net cash provided by financing activities 5,256,089us-gaap_NetCashProvidedByUsedInFinancingActivities 75,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash 3,316,656us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (47,624)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash - beginning of year 9,724us-gaap_CashAndCashEquivalentsAtCarryingValue 92,620us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash - end of year 3,326,380us-gaap_CashAndCashEquivalentsAtCarryingValue 44,996us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow Information:    
Cash paid for interest      
Cash paid for income taxes 7,725us-gaap_IncomeTaxesPaid   
Noncash investing and financing activities:    
Settlement of due from stockholders/members by withholding compensation due such stockholders/members 342,250cik1537917_SettlementOfDueFromStockholdersByWithholdingCompensationDue   
Conversion of the Bridge Note and all accrued interest into shares of common stock 2,319,243us-gaap_DebtConversionConvertedInstrumentAmount1   
Issuance of subscription receivable for shares issued in conjunction with private placement offering 2,500,000cik1537917_SubscriptionReceivable   
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion $ 376,300us-gaap_LiabilitiesAssumed1