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Emerald Medical Applications Corp. - Statements of Cash Flows
9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Cash flows from operating activities:    
Net loss (3,763,575) (7,675,156)
Depreciation expense 3,392 4,123
Amortization of debt discount 211,720 9,555
Change in fair value of derivative liabilities 0 (367)
Extinguishment of derivative 0 (20,165)
Shares issued for services 2,766,823 617,900
Warrants issued for services 0 5,343,088
Loss on settlement of debt 0 678,027
Adjustments to reconcile net loss to net cash used in operating activities:    
Decrease (increase) in other accounts receivable $ 20,231 $ (5,094)
Increase in accounts payable (81,012) 131,553
Increase in related parties payable $ 509 $ 11,607
Increase in employees payables 38,021 48,506
Increase in amounts due from related party 0 18,999
Increase in accrued interest $ 1,025 $ 5,431
Cash flows used by operating activities $ (802,866) $ (831,993)
Cash flows from investing activities:    
Purchase of property and equipment 0 (26,002)
Effect of reverse merger 0 467,380
Net cash provided by investing activities $ 0 $ 441,378
Cash flows from financing activities:    
Proceeds from sale of common stock (net of issuance expenses) 783,049 280,000
Issuance of short-term payable 0 572,071
Cash provided by financing activities $ 783,049 $ 852,071
Foreign currency adjustment (23,865) (28,847)
Net increase (decrease) in cash $ (43,682) $ 432,618
Cash and cash equivalents - beginning of period 115,449 14,411
Cash and cash equivalents - end of period 71,767 447,029
Non-cash transaction:    
Shares issued for reverse merger 0 547
Debt settled with stock 0 91,687