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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (2,560,119) $ (491,837)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 4,251 4,251
Gain on debt extinguishment 0 (2,434,661)
Decrease in fair value of derivative liabilities 0 2,795
Amortization of discount on notes payable 945,552 759,869
Accrued interest on patents purchased 0 52,067
Amortization of patents and acquired contracts 405,995 405,995
Stock-based compensation 91,234 130,358
Changes in operating assets and liabilities    
Accounts receivable 9,797 (6,281)
Prepaid expenses and other current assets, net (216,249) 133,931
Deferred expenses 7,937 20,875
Accounts payable 58,594 (95,287)
Accrued expenses and other current liabilities 36,188 172,238
Deferred revenue (100,000) 150,000
Net cash used in operating activities (1,316,820) (1,195,687)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of issuance costs 0 2,175,000
Payments on senior notes payable 0 (658,757)
Payments on related party note payable 0 (25,000)
Net cash provided by financing activities 0 1,491,243
Net increase (decrease) in cash and cash equivalents (1,316,820) 295,556
Cash and cash equivalents, beginning of period 1,476,774 554,556
Cash and cash equivalents, end of period 159,954 850,112
Supplemental disclosures of cash flow information    
Cash paid for interest 0 218,139
Supplemental disclosures of non-cash investing and financing activities    
Fair value of common stock warrants $ 341,535 $ 760,461