XML 38 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flow From Operating Activities:    
Net Income / (Loss) $ (11,473,475) $ 318,653
Adjustments to Reconcile Net Income (loss) to Net Cash Used In Operating Activities:    
Depreciation and Amortization 249,210 224,293
Amortization of Deferred Financing Costs 199,625 169,838
Amortization of Debt Discount 3,996,033 217,455
Fair Value Adjustment of Derivative Liability 3,810,955 (3,246,137)
Equity Based Compensation 1,470,388 1,405,522
Value of Equity Issued for Services 71,152 $ 175,228
Induced Conversion Costs 912,883  
Reserve for Bad Debts 482 $ 66,621
Decrease (increase) in:    
Accounts Receivable (382,638) 445,990
Inventory (183,286) (270,809)
Prepaid Expenses (56,009) $ (45,454)
Other Assets 31  
Deposits 1,852 $ 190
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses 225,584 161,380
Accrued Interest (87,500) 222
Accrued Officers Compensation 13,000 29,000
Common Stock to be Issued 279,489 $ (50,039)
Deferred Rent 1,854  
Customer Deposits (97) $ 9,863
Net Cash Used in Operating Activities (950,468) (388,184)
Cash Flow From Investing Activities:    
Purchase of Property and Equipment (19,687) (39,046)
Net Cash Used in Investing Activities (19,687) $ (39,046)
Cash Flow From Financing Activities:    
Proceeds From Issuance of Common Stock and Warrants 5,735,200  
Repayment of Principal Balance on Convertible Notes (1,300,000)  
Decrease (Increase) in Bond Sinking Fund 105,776 $ (69,800)
Payment of Finder's Fee (51,000)  
Net Cash Provided by (used in) Financing Activities 4,489,976 $ (69,800)
Increase (Decrease) In Cash and Cash Equivalents 3,519,821 (497,030)
Cash and Cash Equivalents - Beginning 160,560 706,350
Cash and Cash Equivalents - Ending 3,680,381 209,320
Supplemental Cash Flow Information:    
Cash Paid For Interest $ 341,200 254,033
Cash Paid For Income Taxes   $ 2,006
Non-Cash Investing and Finance Activities:    
Common stock issued as payment of accrued interest $ 123,917  
Reclassification of derivative liability to additional paid in capital 5,539,838  
Issuance of common stock on conversion of convertible debt $ 3,774,000  
Reclassification of demo equipment from inventory to property and equipment   $ 124,781
Common Stock Finder's Fee Accrual $ 15,312