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 ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (7,585,896) $ (11,897,499)
Net loss from discontinued operations 1,304,627 5,578,750
Net loss from continuing operations (2,405,108) (6,318,749)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,738,815 973,374
Loss on extinguishment of debt 315,923
Loss on disposal of property and equipment 514,522
Common stock and warrants issued for services 24,510 231,857
Common stock and warrants issued for interest 349,000
Amortization of debt discount 925,806 1,356,365
Amortization of warrants 22,375
Change in assets and liabilities:    
Accounts and other receivables (34,820) 91,107
Prepaid and other assets 153,895 48,390
Inventory 55,173 56,506
Accounts payable and accrued liabilities 501,078 106,198
Change in amounts payable to related parties 196,600 766
Derivative liabilities (1,231,608) (833,139)
Deferred income taxes 96,318 (31,834)
Deferred rent (290,528) (332,602)
Net cash provided by (used in) operating activities from continuing operations 79,129 (3,798,939)
Net cash used in operating activities from discontinued operations (75,000) (1,035,980)
Net cash provided by (used in) operating activities 4,129 (4,834,919)
Cash flows from investing activities:    
Purchase of property and equipment (708,214) (1,329,389)
Cash paid for acquisitions, net of cash acquired (72,215) (9,082,918)
Proceeds from sale of investments 8,902
Net cash used in investing activities from continuing operations (771,527) (10,412,307)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 14,920,937
Loan proceeds 125,000 2,806,837
Loan repayments (340,582) (824,981)
Capital lease payments (32,897) (39,822)
Contribution of non-controlling interest 796,911
Net cash provided by financing activities from continuing operations 548,432 16,862,971
Effect of exchange rate changes on cash (14,693) (4,944)
Net increase (decrease) in cash (233,659) 1,610,802
Cash, beginning of period 1,224,415 180,534
Cash, end of period 990,756 1,791,336
Supplemental cash flow information:    
Interest 279,696 810,028
Income taxes 54,183
Non-cash investing and financing activities:    
Purchase of equipment using capital leases 50,087
Issuance of stock in connection with business combinations 4,062,317
Debt discount for fair value of warrants and conversion feature issued in connection with debt 1,176,108
Convertible debt settled through issuance of common stock 2,175,000
Long-term debt settled through issuance of common stock $ 100,000