XML 15 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) $ (1,223,293) $ (159,232)
Adjustments to reconcile net (loss) to net cash (used) by operating activities    
Depreciation 43,748
Bad debt provision 71,136
Amortization of debt discount 33,715
Deferred tax benefit (13,200)
Stock compensation expense 587,991 77,300
Common stock issued for services 65,000
Gain on sale of Adiuvo Investment S.A. stock (127,261)
Changes in Assets and Liabilities    
Trade accounts receivable (361,443) (139,466)
Other receivables (2,250)
Inventory (99,219) (20,043)
Accounts payable and accrued expenses 585,449 (21,970)
Net cash (used) by operating activities (407,914) (295,124)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of Adiuvo Investment S.A. stock 127,261
CASH FLOWS FROM FINANCING ACTIVITIES    
Investment in subsidiary by noncontrolling interest 219,894 178,152
Increase in notes payable 200,000 305,000
Proceeds from convertible note payable 100,000
Repayment of notes payable (168,600) (147,000)
Proceeds from options exercise 30,000
Sale of common stock and warrants 63,250
Purchase of treasury stock (87,053) (10,800)
Net cash provided by financing activities 357,491 325,352
Net (decrease) increase in cash (50,423) 157,489
Cash at beginning of the year 232,984 75,495
Cash at end of the year 182,561 232,984
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 13,650 28,976
Issuance of company stock for notes and other payables 170,068
Issuance of common stock in relation to debt offering 58,750
Reclassification of options, warrants and other contracts from equity to derivative liabilities 192,254
Conversion of equity invested in subsidiary to common stock and warrants $ 100,000