Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (6,628,887) $ (5,557,185)
Net loss from discontinued operations 1,235,909 929,503
Net loss from continuing operations (1,516,817) (4,627,682)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,148,382 619,255
Loss on disposal of property and equipment 472,770
Common stock and warrants issued for services 24,510
Common stock and warrants issued for interest 349,000 186,830
Amortization of debt discount 726,317 1,592,414
Amortization of warrants 22,375
Change in assets and liabilities:    
Accounts and other receivables 32,395 78,096
Prepaid and other assets 140,440 (84,757)
Inventory 73,315 65,096
Accounts payable and accrued liabilities 502,777 161,062
Change in amounts payable to related parties 197,000 1,166
Derivative liabilities (1,129,101) (570,907)
Deferred income taxes 67,841 (68,664)
Deferred rent (257,507) (331,367)
Net cash provided by (used in) operating activities from continuing operations 358,551 (2,484,311)
Net cash used in operating activities from discontinued operations (75,000) (433,779)
Net cash provided by (used in) operating activities 283,551 (2,918,090)
Cash flows from investing activities:    
Purchase of property and equipment (392,829) (664,127)
Cash paid for acquisitions, net of cash acquired (72,215) (4,265,429)
Proceeds from sale of investments 8,902
Net cash used in investing activities from continuing operations (456,142) (4,929,556)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 8,961,213
Loan proceeds 125,000 2,204,369
Loan repayments (206,267) (760,138)
Capital lease payments (10,783) (27,405)
Contribution of non-controlling interest 46,911
Net cash (used in) provided by financing activities from continuing operations (45,139) 10,378,039
Effect of exchange rate changes on cash (23,474) (4,944)
Net increase (decrease) in cash (241,204) 2,525,449
Cash, beginning of period 1,224,415 180,534
Cash, end of period 983,211 2,705,983
Supplemental cash flow information:    
Interest 68,467 563,771
Income taxes
Non-cash investing and financing activities:    
Purchase of equipment using capital leases 50,087
Issuance of stock in connection with business combinations 1,000,000
Debt discount for fair value of warrants and conversion feature issued in connection with debt 1,233,908
Reclassification of derivative liability 306,001
Convertible debt settled through issuance of common stock 1,750,000
Long-term debt settled through issuance of common stock 100,000
Purchases of businesses:    
Current assets excluding cash 1,611 296,104
Property and equipment 2,164,023
Goodwill 70,604 663,037
Trade name/trademarks/franchise fees 2,750,000
Deposits and other assets
Liabilities assumed (607,735)
Common stock issued (1,000,000)
Cash acquired 11,000
Cash paid for acquisitions $ 72,215 $ 4,276,429