Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (1,747,909) $ (1,596,979)
Net loss from discontinued operations 679,381
Net loss from continuing operations (1,747,909) (917,598)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 593,380 570,440
Loss on extinguishment of debt 362,822
Common stock and warrants issued for services 102,791
Amortization of debt discount 122,694 363,159
Change in assets and liabilities:    
Accounts and other receivables 175,478 (80,697)
Prepaid and other assets 14,055 207,532
Inventory 19,526 74,802
Accounts payable and accrued liabilities (231,283) 627,014
Change in amounts payable to related parties 175,000
Derivative liabilities (615,662)
Deferred income taxes 32,233
Deferred rent 15,792 (219,725)
Net cash provided by (used in) operating activities from continuing operations (572,654) 216,498
Net cash used in operating activities from discontinued operations (75,000)
Net cash provided by (used in) operating activities (572,654) 141,498
Cash flows from investing activities:    
Purchase of property and equipment (450,641) (256,975)
Cash paid for acquisitions, net of cash acquired (72,215)
Net cash used in investing activities from continuing operations (450,641) (329,190)
Cash flows from financing activities:    
Proceeds from sale of preferred stock 591,651
Expenses related to sale of preferred stock (258,153)
Loan proceeds 512,780
Loan repayments (194,069) (136,575)
Capital lease payments (4,779) (10,783)
Contribution of non-controlling interest 375,000 13,017
Net cash provided by financing activities from continuing operations 1,022,430 (134,341)
Effect of exchange rate changes on cash 10,110 4,468
Net increase (decrease) in cash 9,245 (317,565)
Cash, beginning of period 268,575 1,224,415
Cash, end of period 277,820 906,850
Supplemental cash flow information:    
Interest 335,699 31,728
Income taxes
Non-cash investing and financing activities:    
Convertible debt settled through issuance of common stock 150,000
Accrued interest settled through issuance of convertible debt 97,503
Purchases of businesses:    
Current assets excluding cash 1,611
Goodwill 70,604
Cash paid for acquistions $ 72,215