XML 40 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (267,214) $ (444,488)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 4,832 4,253
Interest expense related to amortization of beneficial conversion features 6,156 $ 108,683
Interest expense related to amortization of debt discount 12,111  
Loss on equity issuance for other financing costs 7,163  
Stock compensation $ 56,000  
Interest receivable   $ (3,367)
Loss on impairment   3,367
Fair value of common stock issued & to be issued with notes and for services $ 37,777 21,760
(Gain)/loss on issuance of common stock for settlement of interest payable (35,700) 62,150
(Increase) Decrease in:    
Accounts receivable $ 352 655
Inventories   877
Prepaid expenses $ 29,923 22,312
Increase (decrease) in:    
Accounts payable 5,512 92,520
Accrued interest and expenses 52,490 (2,775)
Net Cash Used by Operating Activities $ (90,598) (134,053)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments received on note receivable   60,000
Net Cash (Used) provided by Investing Activities   $ 60,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt $ (549)  
Cash provided by Notes Payable 86,500 $ 136,000
Net Cash provided from financing activities 85,951 136,000
Net Increase (Decrease) in Cash and Cash Equivalents (4,647) 61,947
Cash and Cash Equivalents, Beginning of Period 218,546 4,457
Cash and Cash Equivalents, End of Period $ 213,899 $ 66,404