XML 43 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net loss $ (136,548) $ (558,398)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 69,650 176,037
Amortization of discount 9,634 $ 64,221
Stock based compensation 2,000
Changes in operating assets and liabilities:    
Accounts receivable and prepaid expenses 65,787 $ (42,416)
Employee advances 12,292 $ 1,000
Interest receivable, related party (570)
Accounts payable and accrued expenses (8,580) $ 96,655
Payable to related parties (13,900) (20,565)
Cash Used in Operating Activities $ (235) (283,466)
Cash Flows From Investing Activities    
Purchase of property and equipment $ (13,591)
Purchase of intellectual property $ (16,116)
Cash Used in Investing Activities (16,116) $ (13,591)
Cash Flows from Financing Activities    
Proceeds from note payable, related party $ 25,000
Proceeds from issuance of common stock $ 415,000
Payment of note payable to related parties (100,000)
Payment of stock issuance costs (7,500)
Cash Provided by Financing Activities $ 25,000 307,500
Net Increase in Cash and Cash Equivalents 8,649 10,443
Cash and Cash Equivalents at Beginning of Period 4,736 48,306
Cash and Cash Equivalents at End of Period 13,385 58,749
Supplemental Disclosure of Cash Flow Information    
Cash Paid for Interest $ 19,835 $ 19,836
Cash Paid for Income Taxes
Supplemental Disclosure of Non-Cash Activities    
Note Receivable in connection with IP acquisition $ 38,000
Note Payable in connection with IP acquisition 58,436
Interest Receivable in connection with IP acquisition $ 3,718