XML 46 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES    
Net loss for the year $ (2,993,004) $ (642,362)
Items not affecting cash    
Extinguishment loss on modification 539,505   
Amortization of debt discount 40,000   
Stock compensation expense 1,120,000   
Depreciation 5,818 4,567
Liquidated damages charges 44,400   
Change in working capital balances    
Accounts receivable 76,243 (30,939)
Inventory 13,061 45,966
Advances and deposits (80,158) (40,644)
Income taxes recoverable 24,303   
Prepayments (53,875) 23,945
Accounts payable and accrued liabilities 34,024 94,436
Customer deposits 250,829 (35,113)
Cash used in operating activities (978,854) (580,144)
INVESTING ACTIVITY    
Restricted cash (217,377)   
Purchase of property and equipment (4,665) (1,098)
Cash used in investing activity (222,042) (1,098)
FINANCING ACTIVITIES    
Bank indebtedness (57,841) 49,382
Proceeds from issuance of shares/warrants-net 1,256,371   
Proceeds from issuance of convertible notes 195,899   
Proceeds from issuance of promissory notes 703,473 311,286
Repayment of promissory notes (503,118)   
Repayment of advances from shareholders (182,522) 194,271
Cash provided by financing activities 1,412,262 554,939
Net increase (decrease) in cash during the year 211,366 (26,303)
Effect of foreign currency translation adjustment (105,357) 1,275
Cash, beginning of the year 1,761 26,789
Cash, end of year $ 107,770 $ 1,761