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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flow from operating activities    
Net income/(loss) $ (1,216,618) $ (1,160,271)
Adjustment to reconcile income/(loss) to net cash used in operating activities    
Depreciation and amortization 689,100 111,628
Provision for Preference dividend 499,965 0
Stock, option, restricted stock unit and warrant expense 566,427 101,677
Foreign exchange translation adjustment 5,335 (62,890)
Increase (decrease) in:    
Accounts receivable (1,530,536) (57,216)
Other current assets (324,267) 24,983
Increase (decrease) in:    
Accounts payable and accrued expenses 472,661 1,195,226
Net cash provided by (used in) operating activities (837,933) 153,137
Cash flow from investing activities    
Acquisition of intangible and fixed assets (10,493) (131,580)
Acquisition consideration payable (311,470) (1,718,777)
Investments 0 82,908
Net cash used in investing activities (321,963) (1,767,449)
Cash flow from financing activities    
Proceeds from bank and convertible notes 1,599,507 241,451
Non-Controlling Interests (6,898) 0
Net cash provided by financing activities 1,592,609 241,451
Net increase (decrease) in cash and cash equivalents 432,713 (1,372,861)
Cash and cash equivalents as at beginning of the period 1,379,887 1,878,034
Cash at the end of the period $ 1,812,600 $ 505,173