XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - Predecessor [Member] - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (664,737) $ (592,122)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,629 1,882
Amortization of debt issuance costs 5,204 10,408
Amortization of discount on convertible debentures 387,965 202,416
Interest income on short-term investment (8) (13)
Change in fair value of financial instruments (515,382)
Interest expense on debtor in possession financing 35,848
Gain on reorganization (713,379)
Stock-based compensation 119,146 96,922
Changes in operating assets and liabilities:    
Accounts receivable (104,858) 21,252
Inventory 118,011 184,341
Prepaid expenses and other current assets (28,589) 217
Accounts payable and accrued expenses 269,317 (66,959)
Accounts payable and accrued expenses - subject to compromise (22,457)
Accrued interest, related party 4,065
Accrued interest 79,914
Related party accounts payable and accrued expenses (163,522) 89,444
Billings in excess of costs and estimated earnings -on uncompleted contracts 14,650 10,579
Deferred revenue (87,115) (254,708)
Net cash used in operating activities (832,895) (727,744)
Cash flows provided by investing activities:    
Security deposit refund 2,700 12,000
Cash flows provided by financing activities:    
Proceeds from issuance of convertible debentures 1,319,001
Net increase (decrease) in cash and cash equivalents 488,806 (715,744)
Cash and cash equivalents - beginning of period 466,997 884,188
Cash and cash equivalents - end of period   168,444
Cash paid during the period for:    
Interest 79,914
Supplemental disclosure of non-cash financing activities:    
Conversion of debtor in possession financing to convertible debentures $ 600,000