Cash Flow

v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net loss $ (2,886,099) $ (3,380,355)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization expense of debt discount 1,092,492
Gain on derivative liability (1,051,848)
Depreciation 17,561 16,572
Amortization expense of intangible assets 146,000 24,333
Gain on settlement of make whole provision (11,000)
Stock based compensation 1,238,168 2,249,839
Changes in current assets and liabilities:    
Accounts receivable 369,451 (396,562)
Inventory (176,464) (28,326)
Prepaid expenses and other current assets 63,162 (7,221)
Accounts payable and accrued expense (196,908) 10,001
Due from related party 89,261 (6,000)
Deferred revenue (7,896)
Net cash used in operating activities (1,295,224) (1,536,615)
INVESTING ACTIVITIES:    
Cash paid on furniture and equipment (675) (10,783)
Net cash used in investing activities (675) (10,783)
FINANCING ACTIVITIES:    
Net cash provided by financing activities
NET DECREASE IN CASH (1,295,899) (1,547,398)
CASH, beginning of period 2,015,214 2,659,734
CASH, end of period 719,315 1,112,336
Cash paid during the six months ended June 30:    
Interest 280
Noncash investing and financing activities for the six months ended June 30:    
Common Stock issued for Adaptive Flight asset purchase make whole provision 150,500
Conversion of Series A preferred stock to common stock 25
Conversion of Series C preferred stock to common stock 18
Conversion of Series D preferred stock to common stock 5
Conversion of Series F preferred stock to common stock 5
Conversion of Series G preferred stock to common stock $ 5

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