XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,059,553) $ (1,719,733)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities    
Depreciation and Amortization 58,278 109,302
(Gain) Loss on Derivatives 1,077
Stock Option Compensation 8,000 84,000
Bad Debt Expense 3,085
Inventory Valuation Allowance 1,000
Common Stock Warrants Issued for Interest 3,000 14,826
Gain on Derivatives and Debt Conversion (42,591)
Loss on Disposal of Assets 29,454
(Increase) Decrease in Operating Assets and Liabilities    
Accounts Receivable 623,961 (924,865)
Inventory (1,147) (30,715)
Other Current Assets 144,542 93,989
Other Assets (78,817) (7,869)
Accounts and Other Payables (13,433) (46,905)
Net Cash Used in Operating Activities (314,092) (2,437,022)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale (Purchase) of Property and Equipment (793) (5,055)
Proceeds from Sale of Equipment 5,353
Net Cash Provided by (Used in) Investing Activities (793) 298
CASH FLOWS FROM FINANCING ACTIVITIES    
Changes in Restricted Cash 87,250 461,896
Proceeds from (Payments on) Short-Term Notes Payable/Debt 351,543 (68,406)
Proceeds from Exercise of Stock Options 8,969
Proceeds from (Payments to) Due to Related Parties (274,820) (145,000)
Proceeds from Long-Term Debt, Net of Payments 73,085 (35,270)
Payments on Dividends (2,956)
Sale of Common Stock, Net of Cost of Capital 813,999
Series B Preferred Stock Issued, Net of Cost of Capital 2,821,482
Net Cash Provided by Financing Activities 1,060,026 3,031,746
EFFECT OF EXCHANGE RATE CHANGES ON CASH 7,467 1,632
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 752,608 596,654
Cash and Cash Equivalents- Beginning of Period 206,925 87,900
CASH AND CASH EQUIVALENTS - END OF PERIOD 959,533 684,554
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest Paid 14,384 37,422
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Common Stock Issued for Investor Relations 7,500
Warrants Issued for Interest Expense 3,000 7,327
Dividends Converted to Common Stock 148,211
Common Stock Issued for Finance Costs $ 15,000