v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net Income (Loss) $ 625,495 $ (995,478)
Adjustments to reconcile net loss to net cash used in operating activities    
Net income attributable to non-controlling interest (14,700) (5,194)
Depreciation and amortization 236,535 $ 30,000
Common Stock issued for services 57,821  
Loss on extinguishment of debt 977,876 $ 2,850
Loss (Gain) on Foreign currency transaction (13,921) (1,118)
Amortization of debt discounts on convertible notes 28,677 59,519
Origination interest on convertible notes payable 493,026 230,356
Change in derivative liabilities (2,823,888) 161,258
Accounts receivable 21,362 (57,278)
Prepaid expenses and other current assets 235,216 $ 9,600
Inventory 20,497  
Accounts payable and accrued expenses 40,393 $ 337,501
Related party payables 2,624 7,439
Net cash used in operating activities (112,987) (220,545)
Cash Flows from Financing Activities    
Repayments on notes payable $ (8,737) (94,500)
Proceeds from notes payable   70,000
Proceeds from convertible notes payable $ 120,000 107,500
Proceeds from sale of preferred stock   250,050
Net cash provided by financing activities $ 111,263 333,050
Net increase in cash (1,724) (3,877)
Cash acquired in acquisition 18,029 3,877
Cash, beginning of period 3,829 3,877
Cash and Cash Equivalents, end of period $ 20,134 $ 3,877
Cash Paid For:    
Interest    
Income taxes    
Non-cash Financing and Investing Activities    
Debt discounts on convertible notes payable $ 240,000 $ 37,500
Common stock issued for debt $ 652,973 137,069
Common stock issued for prepaid services   50,000
Common stock issued for debt issuance costs   $ 2,500
Common stock issued for account payable    
Account receivable acquired in acquisition    
Prepaid expense acquired in acquisition $ 10,494  
PPE acquired in acquisition 25,000  
Other receivable acquired in acquisition 8,276  
Account payable and accrued liabilities acquired in acquisition (8,185)  
Note payable acquired in acquisition (14,302)  
Intangibles acquired in acquisition 260,689  
Note Payable issued for acquisition $ (300,000)