• Filing Date: 2016-11-15
  • Form Type: 10-Q/A
  • Description: Quarterly report (Amendment)
v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net loss $ (4,998,196) $ (617,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on disposal of LP&L 0 (1,852,884)
Shares based payments issued for services 992,799 147,938
Gain on change in fair value of derivative liability (658,000) 0
Warrants and options issued for services 0 358,072
Depreciation and amortization expense 30,378 10,020
Amortization of debt discounts 1,448,355 0
Changes in operating assets and liabilities:    
Accounts receivable (32,999) (238,001)
Prepaid expenses (23,020) (48,363)
Inventory 62,431 (82,975)
Accounts payable and accrued liabilities 201,373 (361,848)
Net cash used by discontinued operations 0 415,292
Net cash used in operating activities (2,976,879) (2,270,305)
Cash Used in Investing activities:    
Purchase of equipment (76,699) (67,162)
Purchase of subsidiary - AIC, LLC (125,000) 0
Net cash provided by discontinued operations 0 57,526
Net cash used in investing activities (201,699) (9,636)
Cash Flows from Financing activities:    
Net advances from related party (131,993) (202,233)
Proceeds (payment) for notes payable (34,486) 41,891
Proceeds from common stock payable 580,000 1,625
Proceeds from sale of common stock 4,014,823 208,206
Proceeds from convertible notes payable 295,000 2,006,074
Payment of lawsuit liability (26,000) 0
Net cash provided by financing activities 4,697,344 2,055,563
Net change in cash 1,518,766 (224,378)
Cash at beginning of period 395,726 673,092
Cash at end of period 1,914,492 448,714
Supplemental Information:    
Interest 286,545 148,841
Income taxes 0 0
Non-Cash Investing and Financing Activities:    
Debt discount due to warrants included with convertible notes 70,398 565,519
Debt discount due to derivative liabilities 545,000 0
Debt discount in excess of debt charged to interest expense 444,000 0
Resolution of derivative liabilities to due debt conversions 514,067 0
Common stock issued for conversion of debt 1,302,500 0
Common stock returned to treasury $ 101 $ 0