XML 48 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss for the period $ (268,426) $ (961,733) $ (1,025,393) $ (267,290)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 159,337 115,828 264,340 193,791
Stock and options issued for services 361,062 627,354 272,804 94,998
Loss on disposal of assets     3,295 0
Stock-based compensation 110,039 170,611 899,438 435,612
Changes in:        
Accounts receivable 181,962 302,202 (588,672) (894,911)
Prepaid expenses (48,283) (30,198) (16,322) 56,387
Accounts payable (28,189) 203,714 11,633 134,046
Revenue share payable (311,766) (414,563) 215,210 1,196,975
Accrued expenses (15,608) (12,000) 13,459 6,000
Deferred revenue 216,083 19,651 (106,142) 177,020
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ 246,172 (149,745) (56,350) 1,132,628
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment (1,592) (6,984) 0
Patent rights $ (4,517) (92,624) (110,551) (150,588)
Website site development costs (42,750) (119,616) (292,417) (148,060)
NET CASH USED IN INVESTING ACTIVITIES $ (47,267) (213,832) (409,952) (298,648)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of common stock 10,000,000 8,795,032 0
Equity issuance costs (1,204,968)    
Purchase of common and preferred stock and warrants (6,000,000)    
Redemption of common and preferred stock     (6,000,000) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,795,032 2,795,032 0
NET INCREASE IN CASH AND CASH EQUIVALENTS $ 198,905 2,431,455 2,328,730 833,980
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 3,446,973 1,118,243 1,118,243 284,263
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 3,645,878 $ 3,549,698 3,446,973 1,118,243
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest 0 0
Cash paid for income taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:        
Common stock issued for future services     $ 0 $ 270,462