v3.4.0.3
Supplemental Disclosure of Cash Flow Information
 12 Months Ended
Dec. 31, 2015
Supplemental Cash Flow Elements [Abstract]  
Supplemental Disclosure of Cash Flow Information

NOTE 14 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

 

The following is a summary of supplemental disclosures of cash flow information:

 

    2015     2014  
Cash paid during the year for the following:                
Interest   $ —     $ —  
Income taxes     —       —  
                 
Supplemental schedule of non-cash investing and financing activities:                
Debentures converted into common stock     986,601       1,870,279  
Debt discounts on convertible notes payable     4,620,000       463,000  
Reduction in value of conversion features of convertible debt from conversions     30,963       —  
Investment in joint venture via contribution of intellectual property     4,000,000       —  
Forgiveness of affiliate receivable charged against paid-in capital     480,625       —  
Acquisition of subsidiaries     —       1,761,345  
Note payable paid by a third party     —       94,500  
Other issue discount     —       90,000  
                 
Acquisition of Lexi Luu:                
Cash acquired     —       170  
Other assets acquired     —       778,533  
Liabilities assumed     —       (358,703 )
Earn-out contingent liability     —       (120,000 )
3,000,000 common shares issued     —       (300,000 )
                 
Acquisition of E-motion Apparel                
Cash acquired     —       (497 )
Other assets acquired     —       245,092  
Liabilities assumed     —       (196,595 )
Earn-out contingent liability     —       (48,000 )
      —       -  
                 
Acquisition of GreenShift and its subsidiaries:                
Cash acquired     587,021       —  
Other assets acquired     1,494,740       —  
Liabilities assumed     (41,797,563 )     —  
Excess of carrying value of consideration given, recorded against non-controlling interest, additional paid in capital and accumulated deficit     42,216,802       —  
Total non-cash consideration (below)     (2,501,000 )        
                 
Note payable issued     2,500,000          
Issuance of Series E Preferred Stock     200       —  
Issuance of Series F Preferred Stock     800       —  
                 
Acquisition of Punkz Gear:                
Cash acquired     16,526       —  
Other assets acquired     8,276       —  
Liabilities assumed     (740 )     —  
Excess of carrying value of note payable issued over net assets received and recorded as additional paid in capital     (175,938 )     —  
Note payable issued     (200,000 )     —  
                 
Acquisition of Skipjack:                
Cash acquired     1,502       —  
Other assets acquired     35,494       —  
Liabilities assumed     (21,747 )     —  
Excess of carrying value of note payable issued over net assets received and recorded as additional paid in capital     (84,751 )     —  
Note payable issued     (100,000 )     —