XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flow From Operating Activities:    
Net loss $ (97,208) $ (192,693)
Adjustments to Reconcile Net loss to Net Cash Used In Operating Activities:    
Depreciation and Amortization 111,906 9,711
Amortization of Deferred Financing Costs 84,450   
Amortization of Debt Discount 74,968   
Fair Value Adjustment of Derivative Liability (1,751,305)   
Equity Based Compensation 1,142,349   
Value of Equity Issued for Services 165,872 46,532
Decrease (increase) in:    
Accounts Receivable 320,266 120,892
Inventory (113,897)   
Prepaid Expenses (4,738) 1,246
Deposits (14,404)   
Increase (Decrease in:    
Accounts Payable and Accrued Expenses (73,805) (43,427)
Accrued Interest (126,628)   
Accrued Officers Compensation 2,000 5,000
Common Stock to be Issued (101,615)   
Customer Deposits (4,340)   
Net Cash Used in Operating Activities (386,128) (52,739)
Cash Flow From Investing Activities:    
Purchase of Property and Equipment (8,618) (21,700)
Net Cash Used in Investing Activities (8,618) (21,700)
Cash Flow From Financing Activities:    
Proceeds from Loan Payable - Officer    4,919
Escrow Funds - Restricted   (3,318,978)
Escrow Liability   3,318,978
Proceeds From Issuance of Common Stock    19,999
Increase in Bond Sinking Fund (28,846)   
Net Cash (Used In) Provided by Financing Activities (28,846) 24,918
Decrease In Cash and Cash Equivalents (423,593) (49,521)
Cash and Cash Equivalents - Beginning 706,350 73,424
Cash and Cash Equivalents - Ending 282,757 23,903
Supplemental Cash Flow Information:    
Cash Paid For Interest 254,033 3,057
Cash Paid For Income Taxes 1,426   
Non-Cash Investing Activities:    
Reclassification of demo Equipment from inventory to property and equipment $ 118,408