Supplemental Disclosures of Cash Flows Information

9 Months Ended

Sep. 30, 2014

Supplemental Disclosures of Cash Flows Information

Supplemental Disclosures of Cash Flows Information

15. Supplemental Disclosures of Cash Flows Information

The following represents required supplemental disclosures of cash flows information and non-cash financing and investing activities which occurred during the nine months ended September 30, 2014 and 2013:

	September 30, 2014		September 30, 2013
Cash paid for interest	$	336,864	$	354,723

In April, 2014, we acquired substantially all of the assets of ReliOn, a developer of hydrogen fuel cell stack technology based in Spokane, Washington.  The aggregate purchase price was $4,000,000.

Fair value of assets acquired	$	7,123,082
Stock issued for net assets	(4,000,000		)
Liabilities assumed	$	2,108,826