Supplemental Disclosure of Cash Flow Information

9 Months Ended

Sep. 30, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosure of Cash Flow Information

13. Supplemental Disclosure of Cash Flow Information

We disbursed $1,400 and $0 for the payment of interest expense during the nine-month periods ended September 30, 2015 and 2014, respectively.

We disbursed $3,600 and $2,000 for the payment of income taxes during the nine-month periods ended September 30, 2015 and 2014, respectively. Such disbursement was made for the payment of foreign income taxes related to the operation of our Israeli subsidiary, GraphOn Research Labs Ltd.

During the nine-month period ended September 30, 2015, we reduced our warrants liability by $126,900, which was recorded in the Condensed Consolidated Statement of Operations. Such reduction reflected the aggregate fair value adjustments we recorded during such period and in addition to reclassified our 2014 PIPE warrant to equity. No cash was disbursed in conjunction with these items (See Note 4).

During the nine-month period ended September 30, 2015, we incurred $116,400 of issuance cost for our 2015 Transaction funding for which no cash was disbursed.

During the nine-month period ended September 30, 2015, we reclassed our short-term security deposit for our Campbell Avenue lease of $40,700 from non-current other assets to prepaid.