v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 16,386,527 $ (4,041,641)
Adjustments to reconcile net income(loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 390,025 209,085
(Gain) loss on extinguishment of debt (21,815,177) 42,778
Gain on contingent liability (60,000) $ (34,000)
Loss on impairment of loan 25,979
Loss (Gain) on Foreign currency transaction (18,257) $ (24,476)
Expenses incurred by issuance of debentures 5,244
Stock issued for services 681,209 $ 377,214
Recognition of intrinsic value of beneficial conversion feature $ 1,737,909
Notes payable issued for services $ 25,332
Amortization of debt discounts on convertible notes $ 69,298 227,609
Change in fair value of derivative liabilities (3,916,310) 2,044,298
Interest from derivative conversion features 2,887,857 $ 314,150
Bad debt expense 41,000
Equity losses from investee 643,320
Loss on inventory valuation 236,896
Changes in operating assets and liabilities:    
Accounts receivable 328,500 $ (21,510)
Prepaid expenses 79,020 (9,646)
Deposits (400,000) $ (53,609)
Inventory 38,934
Other receivables (160,500)
Costs in excess of earnings (41,472)
Accrued interest 865,410
Accrued interest - related party 111,656
Income tax payable $ 150,000
Related party payables $ 9,993
Accounts payable and accrued expenses $ 3,887,085 321,903
Net cash provided by (used in) operating activities 2,154,152 $ (612,520)
CASH FLOWS FROM INVESTING ACTIVITIES    
Loans to affiliates (271,074)
Cash acquired in acquisition 18,029
Deferred financing costs $ (337,257)
Cash invested in notes receivable $ (25,979)
Net cash provided by (used in) investing activities $ (590,302) (25,979)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 51,500 70,000
Proceeds from convertible notes payable $ 3,020,000 463,000
Proceeds from sale of common stock 2,500
Proceeds from sale of preferred stock 155,451
Repayments on convertible debentures $ (3,296,369) (52,500)
Net cash provided by (used in) financing activities (224,869) 638,451
Net increase (decrease) in cash 1,338,982 (218)
Cash at beginning of period 3,829 3,877
Cash at end of period $ 1,929,831 $ 3,829