XML 28 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flow From Operating Activities:    
Net Loss $ (3,157,259) $ (12,176,320)
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities:    
Depreciation and Amortization 586,384 499,344
Amortization of Deferred Financing Costs 0 199,625
Amortization of Debt Discount 0 3,996,033
Fair Value Adjustment of Derivative Liability 0 3,810,955
Equity Based Compensation 614,696 1,706,393
Value of Equity Issued for Services 369,653 747,819
Induced Conversion Costs 0 912,883
Reserve for Bad Debts 255,000 7,500
Gain on Disposition of Property and Equipment (12,000) 0
Decrease (increase) in:    
Accounts Receivable (361,802) (980,923)
Inventory (2,755,688) (633,787)
Prepaid Expenses (27,718) (41,326)
Deposits on Merchandise 295,348 (442,358)
Other Assets 36,613 31
Deposits 0 1,853
Increase (Decrease) in:    
Accounts Payable (286,004) 664,226
Accrued Expenses 159,598 (22,829)
Accrued Interest 0 (87,500)
Accrued Officers Compensation 0 (41,000)
Deferred Rent (6,203) (491)
Advances on Grant (210,503) 210,503
Customer Deposits (4,991) 15,394
Net Cash Used in Operating Activities (4,504,876) (1,653,972)
Cash Flow From Investing Activities:    
Purchase of Property and Equipment (474,866) (80,496)
Proceeds on Disposition of Property and Equipment 12,000 0
Net Cash Used in Investing Activities (462,866) (80,496)
Cash Flow From Financing Activities:    
Proceeds From Issuance of Common Stock and Warrants 0 8,735,200
Repayment of Principal Balance of Convertible Notes 0 (1,300,000)
Decrease in Bond Sinking Fund 0 105,776
Payment of Finder's Fee 0 (51,000)
Net Cash Provided by Financing Activities 0 7,489,976
Increase (Decrease) In Cash and Cash Equivalents (4,967,743) 5,755,509
Cash and Cash Equivalents - Beginning 5,916,068 160,560
Cash and Cash Equivalents - Ending 948,324 5,916,068
Supplemental Cash Flow Information:    
Cash Paid For Interest 0 341,200
Cash Paid For Income Taxes 800 800
Non-Cash Investing and Finance Activities:    
Common Stock issued as payment of accrued interest 0 123,917
Reclassification of derivative liability to additional paid in capital 0 5,539,838
Issuance of common stock on conversion of convertible debt 0 3,774,000
Common Stock Finder's Fee Accrual 0 15,312
Reclassification of demo equipment from inventory to property and equipment 103,553 19,615
Reclassification of property and equipment, net to inventory $ 0 $ 8,170