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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Loss for the period $ (1,226,764) $ (1,534,531)
Adjustments to reconcile income (loss) for the period to net cash used in operating activities:    
Depreciation 11,704 8,770
Stock-based compensation 950 7,131
Change in the fair value of Warrants with down-round protection (43,510) (65,770)
Linkage difference on principal of loans from stockholders $ (1,464) (3,680)
Loss on partial extinguishment of Series A Preferred Stock and Series A Warrants 773,297
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable $ (17,294) 18,759
Decrease in inventory 44,101 6,574
Decrease (increase) in other current assets 152,969 (340)
Increase in accounts payable 269,474 118,838
Increase in other current liabilities 323,453 75,539
Net cash used in operating activities (486,381) (595,413)
Cash flows from investing activities:    
Purchase of property and equipment (23,955) (12,105)
Net cash used in investing activities (23,955) $ (12,105)
Cash flows from financing activities    
Credit from banking institutes $ 27,388
Cash dividend on Series A Preferred Stock $ (20,514)
Repayment of loan from stockholders (439,939)
Net cash provided by (used in) financing activities $ 27,388 (460,453)
Effect of exchange rate changes on cash and cash equivalents 5,648 (64,320)
Decrease in cash and cash equivalents (477,300) (1,132,291)
Cash and cash equivalents at beginning of the period 608,701 5,827,560
Cash and cash equivalents at end of the period $ 131,401 $ 4,695,269