XML 48 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Cash flows from operating activities          
Net loss $ (79,681) $ (365,042) $ (280,469) $ (670,683) $ (1,783,279)
Adjustments to reconcile net loss to net cash used in operating activities:          
Provision for doubtful accounts       (50,036)  
Provision for employee advance reserve     $ 2,143 4,715  
Depreciation and amortization     91,974 83,887  
Stock-based compensation     198,568 $ 268,263  
Gain on settlement of accounts payable     $ (87,981)    
Imputed value of services contributed       $ 116,667  
Amortization of debt discount     $ 79,767 117,901  
Changes in operating assets and liabilities:          
Accounts receivable     (9,821) 269,361  
Inventories - finished goods     (32,864) 105,634  
Prepaid expenses and other current assets     13,571 29,160  
Accounts payable - trade     (181,823) (329,826)  
Accounts payable - related parties     (20,000) (35,017)  
Accrued expenses and other current liabilities     (59,113) 69,104  
Deferred revenue     (1,995) (58,306)  
Net cash used in operating activities     (288,043) $ (79,176) (875,769)
Cash flows from investing activities          
Change in restricted cash     75,000    
Capital expenditures     (5,539)    
Website development costs     (17,937) $ (67,785)  
Net cash provided by (used in) investing activities     51,524 (67,785)  
Cash flows from financing activities          
Principal payments on equipment leases payable     $ (31,261) (27,000)  
Proceeds from issuance of notes payable       $ 150,000  
Repayment of notes payable and other advances - related parties     $ (15,000)    
Net cash (used in) provided by financing activities     (46,261) $ 123,000  
Net decrease in cash     (282,780) (23,961)  
Cash - beginning of period     506,019 67,744 67,744
Cash - end of period 223,239 $ 43,783 223,239 43,783 $ 506,019
Cash paid for:          
Interest     $ 38,900 44,362  
Taxes       89  
Non-cash investing and financing activities:          
Issuance of Series B preferred stock for settlement of accrued dividends     $ 298,918 279,380  
Warrants issued as debt discount in connection with notes payable $ 41,300   41,300 36,000  
Accrual of contractual dividends on Series B convertible preferred stock     $ 159,922 $ 149,459