Post-effective amendment to a registration statement that is not immediately effective upon filing

Condensed Consolidated Statements of Cash Flows

v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:        
Net loss $ (771,642) $ (704,440)    
Less: net income (loss) from discontinued operations 9,468 (61,863)    
Net loss from continuing operations (762,174) (766,303) (3,394,533) (1,264,021)
Adjustments to reconcile net loss to net cash used in operating activities:        
Other than temporary decline in value of available-for-sale securities     0 147,973
Bad debt expense - related party     0 750
Consulting and other services rendered in exchange for investment securities     0 (1,500)
Depreciation and amortization 114,224 80,024 383,454 79,542
Equity in losses of investments 14,247 10,538 14,803 76,113
Common stock issued for services     32,400 74,573
Loss (gain) on sale of investments     16,598 (94,353)
Revaluation of equity investment prior to acquisitions     0 74,362
Amortization of warrants 48,569 23,495 169,201 35,247
Gain on debt extinguishment (70,900) 0    
Increase in amounts due from affiliate     (77,643) (54,217)
Increase in accounts receivable     (52,359) (81,528)
Increase in other receivable     (43,364) (42,109)
(Increase) decrease in accounts and other receivables 95,949 37,556    
(Increase) decrease in prepaid expenses and other assets (42,002) (63,314) (125,368) (58,690)
(Increase) decrease inventory 48,137 (40,302) (121,950) (36,676)
Increase (decrease) in accounts payable and accrued expenses (30,933) 257,143 785,965 (30,701)
Increase in deferred rent 5,439 14,966 58,886 20,308
Decrease in deferred revenue     0 (1,750)
Advance from related parties for working capital (37,804) (1,179)    
Net cash used in operating activities from continuing operations (617,248) (447,376)    
Net cash (used in) provided by operating activities from discontinued operations (3,467) 8,162    
Net cash used in operating activities (620,715) (439,214) (2,353,910) (1,156,677)
Cash flows from investing activities:        
Non-controlling interest investment 0 90,000 90,000 0
Proceeds from sale of investments     0 190,325
Investment distribution     0 8,140
Purchase of investments 0 (129,796) (1,202,936) (1,502,247)
Purchase of property and equipment (23,839) (316,683) (1,173,801) (219,811)
Franchise costs (75,000) (240,000) (239,684) (75,000)
Treasury stock proceeds     0 26,400
Net cash used in investing activities from continuing operations (98,839) (596,479)    
Net cash used in investing activities from discontinued operations 0 0    
Net cash used in investing activities (98,839) (596,479) (2,616,421) (1,572,193)
Cash flows from financing activities:        
Proceeds from sale of common stock     7,051,464 500
Proceeds from sale of common stock warrants, net     0 20,608
Loan proceeds, net 0 1,113,000 2,915,000 2,790,000
Loan repayment     (3,939,098) (7,036)
Capital lease payments     (45,814) (13,970)
(Decrease) increase in other liabilities (118,987) 10,519 (46,282) 62,262
Loan and capital lease repayments (13,388) (6,633)    
Net cash (used in) provided by financing activities from continuing operations (132,375) 1,116,886    
Net cash (used in) provided by financing activities from discontinued operations 0 0    
Net cash (used in) provided by financing activities (132,375) 1,116,886 6,025,270 2,852,364
Effect of exchange rate changes on cash 17,474 (8,714) 28,206 (4,372)
Net change in cash (834,455) 72,479 1,083,145 119,122
Cash, beginning of period 1,223,803 165,129 165,129 46,007
Cash, end of period 389,348 216,668 1,223,803 165,129
Supplemental cash flow information:        
Interest 14,294 75,146 273,468 101,479
Income taxes 0 0 0 0
Non-cash investing and financing activities:        
Due to related party exchanged for convertible note payable     0 25,000
Convertible notes payable exchanged for common stock     1,907,238 711,500
Common stock issued for Hoot limited partner units     986,651 0
Accrued interest exchanged for common stock     0 10,000
Investment contributed by the Company's CEO     0 125,331
Common stock issued for prepaid consulting contract     0 44,850
Acquisition of subsidiaries:        
Current assets, excluding cash and cash equivalents     0 138,801
Property and equipment and intangible assets     0 1,985,799
Total assets excluding cash and cash equivalents     0 2,124,600
Liabilities assumed     0 953,917
Non-controlling interest     0 645,436
Prior investment of the Company     0 320,247
Acquisition Of Subsidiaries     0 1,919,600
Purchase price, net assets acquired - cash paid     $ 0 $ 205,000