XML 19 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (14,309,480) $ (45,857,052)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 1,558,899 5,274,323
Stock based compensation 974,137 1,355,430
Paid in-kind interest 84,379 $ 48,000
Gain on disposals of equipment, net $ (20,431)
Amortization of note discount $ 22,707
Impairment of goodwill $ 9,592,848 3,000,000
Impairment of intangible assets and investments inclusive of noncontrolling interest 500,000 $ 34,034,862
Net loss on debt modification and extinguishment 19,096
Change in deferred tax provision 22,184 $ (988,630)
Foreign currency transaction gain (29,400) (2,305)
Decrease (increase) in assets:    
Accounts receivable 238 51,452
Inventory (68,568) (34,283)
Prepaid expenses and other assets 198,423 30,081
Restricted cash 62,750 144,207
Increase (decrease) in liabilities:    
Accounts payable 907,714 (384,406)
Accrued expenses and other liabilities (469,419) 915,376
Net cash used by operating activities (976,630) (2,390,238)
Cash flows from investing activities:    
Purchase of property and equipment (157,098) $ (280,902)
Sale of equipment $ 46,283
Purchase of investments $ (750,000)
Purchase of intangible assets $ (5,159) (1,243,714)
Net cash used by investing activities $ (115,974) (2,274,616)
Cash flows from financing activities:    
Net payments on revolving lines of credit (158,087)
Payments of long-term debt $ (939,151) (616,393)
Borrowings of long-term debt 4,041,000
Issuances of common stock, net of issuance costs $ 1,128,336 1,764,978
Net cash provided by financing activities 189,185 5,031,498
Net (decrease) increase in cash (903,419) 366,644
Cash beginning of year 2,343,675 1,977,031
Cash end of year $ 1,440,256 $ 2,343,675