XML 23 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (2,845,813) $ (2,746,267)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,267 11,976
Stock option compensation expense 49,181 49,185
Share-based compensation - common stock 2,125 $ 4,038
Common stock and warrants issued to consultants $ 182,600
Bad debt expense $ 79,500
Debt discount amortization $ 265,358 185,525
Noncash finance charges 18,434
Unrealized loss on derivative instruments $ 41,694 79,351
Loss on conversion of notes $ 2,588 48,788
Loss on settlement of note and warrant 132,301
Changes in assets and liabilities:    
Receivables $ (183) (171,883)
Prepaid expenses and other current assets 191,249 (50,888)
Inventory 40,000 150,000
Accounts payable, accrued expenses and other liabilities 936,494 1,417,832
Deferred revenue (13,286) 13,287
Net cash used in operating activities (1,135,726) (778,821)
Cash flows from investing activities:    
Purchase of property and equipment (4,700) (47,688)
Cash used in investing activities (4,700) (47,688)
Cash flows from financing activities:    
Proceeds from note payable 857,000 120,000
Repayment of note and warrant settlement (42,500) (242,000)
Proceeds from common stock and warrants 365,000 892,000
Net cash provided by financing activities 1,179,500 770,000
Net increase (decrease) in cash 39,074 (56,509)
Cash at beginning of period 5,745 57,009
Cash at end of period $ 44,819 $ 500