v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,580,066) $ (2,097,633)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 276,038 266,526
Bad debt expense 4,049 19,141
Amortization of debt discounts 119,115 96,053
Change in fair value of derivative liabilities (101,381) (188,093)
Stock based compensation 583,015 262,823
Common stock issued for services rendered 676,219 177,342
Changes in operating assets and liabilities:    
Accounts receivable (94,242) (128,532)
Inventory 38 0
Prepaid expenses and other current assets (5,472) 1,007
Accounts payable 68,562 293,449
Accrued expenses (9,579) (185,813)
Settlement payable (23,813) 190,506
Deferred revenue 46,631 98,900
Deferred rent 2,162 3,678
Net cash used in operating activities (1,038,724) (1,190,646)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (9,816) (6,507)
Software development costs (324,118) (256,899)
Net cash used in investing activities (333,934) (263,406)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of common stock and warrants 1,373,829 1,617,738
Proceeds from issuance of convertible note, net of issuance costs 0 415,123
Repayments of convertible notes payable (300,000) 0
Net cash provided by financing activities 1,073,829 2,032,861
Net (decrease) increase in cash (298,829) 578,809
Cash at beginning of period 730,482 1,103,201
Cash at end of period 431,653 1,682,010
SUPPLEMENTAL INFORMATION    
Cash paid for interest 4,579 2,505
Non-cash investing and financing activities:    
Debt discount for fair value of conversion feature issued in connection with debt 0 302,287
Reclass derivative liability to equity upon note repayment $ 69,116 $ 0