XML 16 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statement of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net Loss $ (5,037,004) $ (1,803,316)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss from discontinued operations 1,803,316
Debt discount amortization 157,947
Loss on conversion of debt to common shares 16,329
Stock based compensation expense 3,272,796
Loss on conversion of accounts payable to shares 190,000
Change in operating assets and liabilities:    
Prepaid expenses and other assets 13,250
Accounts payable 514,757
Accounts payable-related party 77,284
Accrued liabilities 506,885
Accrued interest 16,909
Net Cash Used in Operating Activities (270,847)
Cash Flows from Investing Activities:    
Purchase of fixed assets
Net Cash Used In Investing Activities
Cash Flows from Financing Activities:    
Proceeds from promissory notes 98,000
Payments on promissory notes (66,338)
Proceeds from convertible promissory notes 160,000
Sale of common stock, net of issuance costs 51,000
Net Cash Provided by Financing Activities 242,662
Discontinued Operations:    
Operating activities (274,317)
Investing activities (90,897)
Financing activities 403,000
Net Increase (Decrease) in Cash and Cash Equivalents for Discontinued Operations 37,786
Net Increase in Cash and Cash Equivalents for Continuing Operations (28,185)
Cash, Beginning of Period 28,185 14,119
Cash, End of Period 51,905
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest
Non-cash Investing and Financing Transactions:    
Beneficial conversion feature 9,375
Conversion of debt to common stock shares 103,671 142,514
Conversion of accounts payable to common shares 390,000
Discount related to issuance of debentures, warrants and convertible notes $ 118,750 $ 274,122