XML 54 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Jan. 31, 2013
Jan. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,904,564) $ (720,346)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 20,918 12,589
Bad debt expense 74,393 118,077
Issuance of shares for services 1,355,708 152,400
Non-cash stock option expense 706,020 29,333
Amortization of financing costs 89,162 37,500
Amortization of debt discount 670,697 804
Loss on change in fair value of warrant and derivative liabilites 5,853,855 120,000
Impairment loss   210,000
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable (548,899) (407,224)
Due to officers (12,400) 14,953
Due from affiliates 5,504 (1,604)
Prepaid expenses and advances (23,666) (22,668)
Other assets 7,020 0
Accounts payable and accrued liabilities 764,208 70,731
Net cash provided by (used in) operating activities 57,956 (385,455)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment acquired (45,799) (7,205)
Acquisition, net of cash acquired from consolidation of VIE 14,114 164,210
Net cash (used in) provided by investing activities (31,685) 157,005
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 594,765 150,000
Proceeds from stock option exercise 15,750 0
Distributions to non-controlling interest shareholder (400,000) (154,290)
Proceeds from issuance of convertible notes payable 880,000 0
Debt issuance costs (104,420) 0
Net cash provided by (used in) financing activities 986,095 (4,290)
NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS 1,012,366 (232,740)
CASH & CASH EQUIVALENTS, BEGINNING BALANCE 164,361 397,101
CASH & CASH EQUIVALENTS, ENDING BALANCE 1,176,727 164,361
SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 160,792 129,000
Income Taxes paid 9,763 2,400
Non-Cash Financing Activities:    
Shares issued in connection with acquisitions 0 280,000
Contingent consideration payable 0 367,500
Shares issuable for services 159,334 90,000
Shares and warrants issued in connection with promissory note financing costs 198,935 0
Warrants issued in connection with promissory notes 387,349 0
Warrants and derivative reclassified from liabilities to stockholders' deficit $ 6,626,881 $ 0