v3.5.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss for the period $ (351,916) $ (111,201) $ (595,140) $ (1,025,393)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization 50,268 79,668 333,950 264,340
Stock and options issued for services $ 106,384 $ 79,591 253,358 272,804
Loss on disposal of assets     31,731 3,295
Stock-based compensation 327,748 899,438
Changes in:        
Accounts receivable $ 506,685 $ 286,840 (747,069) (588,672)
Prepaid expenses 16,068 (10,206) (42,530) (16,322)
Accounts payable (380,115) (37,241) 11,819 11,633
Revenue share payable (852,792) (339,459) 852,847 215,210
Accrued expenses 1,107 5,392 (18,476) 13,459
Deferred revenue 618,224 133,308 106,872 (106,142)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (286,087) 86,692 515,110 (56,350)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Patent rights (1,295) $ (3,042) (1,519) (110,551)
Equipment $ (14,507) (2,046) (6,984)
Website site development costs $ (19,800) (97,399) (292,417)
NET CASH USED IN INVESTING ACTIVITIES $ (15,802) $ (22,842) (100,964) (409,952)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repurchase of common stock payable (357,415)    
Proceeds from issuance of common stock     $ 4,346,446 8,795,032
Redemption of common and preferred stock     (6,000,000)
NET CASH USED IN FINANCING ACTIVITIES (357,415) $ 4,346,446 2,795,032
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (659,304) $ 63,850 4,760,592 2,328,730
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 8,207,565 3,446,973 3,446,973 1,118,243
CASH AND CASH EQUIVALENTS - END OF PERIOD 7,548,261 $ 3,510,823 $ 8,207,565 $ 3,446,973
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest $ 163
Cash paid for income taxes
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:        
Common stock issued for future services