XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net Loss $ (329,286) $ (847,860)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 712 417
Accretion of debt discount 8,314
Professional fees paid in shares 517,664
Sales and marketing fees paid in shares 73,500
Transaction costs 38,280
Loss on derivative 137,353
Total Items not involving cash flows from operating activities (182,907) (217,999)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 83,676 (67,968)
Decrease (increase) in inventory 39,889 (161,194)
Decrease (increase) in prepaid expenses and deposits (33,062) 1,116
Decrease (increase) in related party receivables (2,155) 288
Decrease (increase) in other receivables (28,140)
Increase (decrease) in income taxes payable 332 (396)
Increase (decrease) in accounts payable and accrued liabilities 45,344 96,431
Net changes in non cash working capital 134,024 (159,863)
Net cash used in operating activities (48,883) (377,862)
Cash Flows from Investing Activities    
Purchase of property and equipment (29,260)
Transaction costs (69,870)
Purchase of intangible assets (3,500)
Net cash used in investing activities (102,630)
Cash Flows from Financing Activities    
Share subscription proceeds 9,900 439,800
Repayments of promissory notes payable (8,965)
Proceeds from convertible promissory note payable, net of debt issuance costs 77,750
Debt issuance costs (7,500)
Net cash (used in) provided by financing activities 71,185 439,800
Effects of Foreign Currency Translation (4,516) (23,339)
Change in cash 17,786 (64,031)
Cash and cash equivalents beginning of period 14,466 155,735
Cash and cash equivalents end of period 32,252 91,704
Significant Non Cash Transactions Not Disclosed Above    
Common Shares issued to service providers $ 2,660,964