XML 18 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (2,035,922) $ (1,940,440)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 53,442 49,270
Stock-based compensation 791,390 453,987
Changes in operating assets and liabilities:    
Inventory (12,589) 0
Prepaid expenses 95,127 37,594
Customer deposits (30,000) 0
Accounts payable and accounts payable – related parties 20,898 (8,986)
Accrued expenses and accrued expenses – related parties 38,400 (5,745)
Net cash used in operating activities (1,079,254) (1,414,320)
Cash flows from investing activities:    
Purchases of trademark and patents (21,041) (36,992)
Net cash used in investing activities (21,041) (36,992)
Cash flows from financing activities:    
Principal payments on notes payable (67,253) (62,469)
Issuance of notes payable 75,000 0
Issuance of common stock for cash 1,676,000 1,604,250
Net cash provided by financing activities 1,683,747 1,541,781
Effects of foreign currency exchanges rates 21,130 (31,829)
Net increase in cash 604,582 58,640
Cash as of beginning of the year 140,496 81,856
Cash as of end of the year 745,078 140,496
Supplemental cash flow information:    
Cash paid for interest 1,126 1,520
Non-cash financing activities:    
Financing of insurance premiums $ 66,408 $ 65,214