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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
[1]
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 7,692,510 $ (709,862)
Adjustments to reconcile net income (loss) with cash flows from operating activities:    
Depreciation and amortization expense 103,079 11,271
Stock-based compensation 3,214,732 172,834
Common stock issued for services 270,000
Amortization of debt discount 655,817
Amortization of debt issuance costs, net 167,700
Gain on derivative liability (12,941,663)
Changes in operating assets and liabilities:    
Accounts receivable 731,004
Other current assets (32,200)
Inventory (74,261)
Accounts payable and accrued expenses (275,186) 187,607
Deferred revenue (70,116)
Net cash flows from operating activities (558,584) (338,150)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (11,307) (33,538)
Investment in other assets (20,157)
Cash acquired in acquisition 419,042
Net cash flows from investing activities 387,578 (33,538)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable and warrants 100,000
Proceeds from issuance of notes payable and warrants, related parties 197,095
Advances from related parties 30,450
Principal payments on notes payable (16,372) (1,625)
Net cash flows from financing activities 83,628 225,920
Effect of Foreign Currencies 47,538
Net Change in Cash (39,840) (145,768)
Cash, Beginning of the Period 349,873 159,296
Cash, End of the Period 310,033 13,528
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest
Cash paid for income taxes
Non-cash Investing and Financing Activities:    
Issuance of common stock for conversion of notes payable and accrued interest 21,222
Reclassification of derivative liabilities to equity upon conversion of related convertible notes payable into common stock 316,734
Issuance of common stock for debt issuance costs 76,000
Acquisition of FIN Holdings, respectively:    
Issuance of common stock as consideration 9,000,000
Assumed liabilities 914,218
Inventory (112,408)
Accounts receivable (311,867)
Property and equipment (100,339)
Intangible assets (8,970,562)
Cash acquired $ 419,042
[1] Restated