XML 19 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - Unaudited - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss before non-controlling interest $ (2,958,351) $ (612,439)
Adjustments to reconcile net loss to net cash (used) by operating activities:    
Depreciation and amortization 222,204 325,211
Financed lender fees   50,000
Change in derivatives liabilities fair value   (3,337,474)
Note payable interest accretion 124,416 13,581
Share-based compensation 208,496 334,629
(Increase) decrease in:    
Accounts receivable 118,241 (25,035)
Other assets 167,780 (56,390)
Increase (decrease) in:    
Accounts payable 259,442 244,612
Accrued expenses and other 639,655 773,361
Deferred revenue   (383,148)
NET CASH (USED) BY OPERATING ACTIVITIES (1,218,117) (2,673,092)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment   (51,221)
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES   (51,221)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuances of loans payable 750,000 3,325,000
Repayment of mortgage and loans payable (128,836) (76,789)
NET CASH PROVIDED BY FINANCING ACTIVITIES 621,164 3,248,211
NET (DECREASE) INCREASE IN CASH (596,953) 523,898
CASH AT BEGINNING OF PERIOD 1,662,643 2,241,317
CASH AT END OF PERIOD 1,065,690 2,765,215
SUPPLEMENTARY INFORMATION:    
Interest paid 114,901 320,068
Income taxes paid $ 0 $ 0