v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities    
Net loss $ (46,375,931) $ (3,996,053)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion of discount on notes payable 2,984,006 0
Amortization of debt issuance costs 328,678 0
Charges for inventory obsolescence 924,435 35,000
Change in allowance for sales refunds 110,631 (214,441)
Change in allowance for uncollectible accounts 414,354 (8,479)
Depreciation and amortization 724,426 39,490
Gain on warrant revaluation (2,043,230) 0
Impairment of goodwill 20,007,174 0
Impairment loss on other intangible assets 5,401,136 0
Loss on inventory deposit 200,000 0
Loss on related party receivable 488,457 0
Loss on impairment of notes receivable 1,036,465 0
Share-based compensation expense 575,686 677,191
Changes in operating assets and liabilities    
Accounts receivable (2,215,748) (880)
Inventories (4,137,931) 75,717
Prepaid expenses and other current assets (251,758) (80,320)
Accounts payable 5,575,271 (101,601)
Accrued expenses and other current liabilities 3,452,997 284,778
Deferred revenue 641,148 (161,544)
Other 28,392 (8,095)
Net cash used in operating activities (12,131,342) (3,459,237)
Cash flows from investing activities    
Cash acquired in connection with acquisitions 150,398 0
Sale of intangible asset 3,000,000 0
Purchase of property and equipment (277,132) (4,717)
Net cash provided by (used in) investing activities 2,873,266 (4,717)
Cash flows from financing activities    
Capital contribution from Infusion Brands International 31,161 0
Funds borrowed from affliated entities 28,451 4,401,981
Net payments made on accounts receivable factoring arrangement (203,985) (1,135,409)
Net borrowings on line of credit 1,709,586 0
Principal payments on notes payable (150,903) 0
Proceeds from senior secured note payable 8,406,833 0
Proceeds from other notes payable 41,528 0
Net cash provided by financing activities 9,862,671 3,266,572
Net increase (decrease) in cash 604,595 (197,382)
Cash at beginning of year 91,397 288,779
Cash at end of year 695,992 91,397
Supplemental Cash Flow Information    
Cash paid for interest   330,976
Cash paid for income taxes   0
Non Cash Investing and Financing Activities    
Capital contribution from Infusion Brands International   0
Common shares issued in connection with merger 6,637,680 0
Debt issuance costs related to issuance of secured note payable 441,221 0
Insurance premiums financed through note payable 292,140 0
Original issue discount on senior secured note payable 1,392,767 0
Reclassification of accrued interest to principal balance of debt 211,562 0
Warrants issued with notes payable $ 2,407,930 $ 0