XML 66 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss attributable to Safety Quick Lighting & Fans Corp. $ (1,543,413)us-gaap_NetIncomeLossAttributableToParentDiluted $ (652,152)us-gaap_NetIncomeLossAttributableToParentDiluted
Net loss attributable to non-controlling interest (2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest   
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 5,404us-gaap_Depreciation 2,763us-gaap_Depreciation
Amortization of debt issue costs 38,612SAFE_AmortizationOfDebtIssueCosts 29,794SAFE_AmortizationOfDebtIssueCosts
Amortization of debt discount 536,402SAFE_DebtDiscountAmortization 262,528SAFE_DebtDiscountAmortization
Amortization of patent 1,015us-gaap_AmortizationOfIntangibleAssets 654us-gaap_AmortizationOfIntangibleAssets
Amortization of GE trademark license 602,006SAFE_AmortizationOfGeTrademarkLicense   
Change in fair value of derivative liabilities (272,992)us-gaap_IncreaseDecreaseInDerivativeLiabilities (89,779)us-gaap_IncreaseDecreaseInDerivativeLiabilities
Stock options issued for services - related parties    15,625us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
Accounts receivable (1,419,217)us-gaap_IncreaseDecreaseInAccountsReceivable   
Prepaid expenses 13,729us-gaap_IncreaseDecreaseInPrepaidExpense 26,490us-gaap_IncreaseDecreaseInPrepaidExpense
Royalty payable (75,130)SAFE_RoyaltyPayable   
Other (5,334)us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet (23,510)us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
Accounts payable & accrued expenses 694,946us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 82,524us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (1,423,976)us-gaap_NetCashProvidedByUsedInOperatingActivities (345,063)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property & equipment (1,490)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (108,060)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment
Payment of patent costs (5,956)us-gaap_LicenseCosts (8,700)us-gaap_LicenseCosts
Net cash used in investing activities (7,446)us-gaap_NetCashProvidedByUsedInInvestingActivities (116,760)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Stock issued in exchange for interest 400,311us-gaap_StockIssuedDuringPeriodValueOther   
Repayments of notes (25,682)us-gaap_RepaymentsOfNotesPayable (24,197)us-gaap_RepaymentsOfNotesPayable
Repayments of notes - related party    (5,356)us-gaap_RepaymentOfNotesReceivableFromRelatedParties
Net cash provided (used) by financing activities 374,629us-gaap_NetCashProvidedByUsedInFinancingActivities (29,553)us-gaap_NetCashProvidedByUsedInFinancingActivities
Increase (decrease) cash and cash equivalents (1,056,793)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (491,376)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 1,241,487us-gaap_CashAndCashEquivalentsAtCarryingValue 1,132,977us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 184,694us-gaap_CashAndCashEquivalentsAtCarryingValue 641,601us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplementary disclosure of non-cash financing activities:    
Conversion of note payable and accrued interest to convertible note      
Debt forgiveness - related parties      
Debt discount recorded on convertible debt accounted for as a derivative liability      
Reclassification of derivative liability to additional paid-in-capital      
Loss on debt extinguishment - related party      
Sale of subsidiary ownership      
Reacquired subsidiary ownership      
Cash paid during the year for:    
Interest 4,964us-gaap_InterestPaid 5,803us-gaap_InterestPaid
Income taxes