Cash Flow

v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash from operating activities:    
Net Loss $ (3,613,093) $ (1,501,484)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 24,599 23,752
Gain on settlement of accounts payable/note conversion (64,647)
Stock issued for services 15,000 110,036
Interest expense related to debt discounts of notes payable 1,607,026 65,942
Amortization of stock based prepaid consulting fees 404,419
Loss related to warrants exchanged for stock 630
Warrant derivative loss 287,327
Changes in assets and liabilities:    
Accounts receivable (11,503) 309,507
Costs and estimated earnings on uncompleted contracts 191,504 (90,148)
Prepaid expenses and other current assets 123,750 42,269
Accounts payable 190,335 263,973
Accounts payable-related party 4,198 6,216
Payroll taxes payable 526,861 36,631
Accrued expenses 123,779 54,430
Contingent lawsuit liability (550,000)
Billings in excess of costs and earnings on uncompleted contracts 47,133 (162,446)
Deferred revenue (300,532) (389,572)
Net cash used in operating activities (848,263) (1,375,845)
Cash flows from investing activities:    
Purchase of patents/trademarks (70)
Purchase of fixed assets (22,009) (30,073)
Net cash used in investing activities (22,009) (30,143)
Cash flows from financing activities:    
Bank overdraft 18,260
Proceeds from related party notes 50,000
Repayments of related party notes (17,791) (87,166)
Repayments of insurance and equipment financing (94,960) (92,985)
Repayments of notes payable (172,500) (140,000)
Proceeds of notes payable, net of $152,750 cash fees 1,022,250 1,518,000
Net cash provided by financing activities 736,999 1,266,109
Net decrease in cash (133,273) (139,879)
Cash, beginning of period 174,376 140,129
Cash, end of period 41,103 250
Supplemental Disclosure of Cash Flow Information:    
Interest paid 109,884 79,498
Taxes paid 8,469
Supplemental Non-Cash Investing and Financing Activities:    
Common stock issued for prepaid consulting services 301,100
Accrued interest forgiven related to note payable settlement 20,697
Debt discount related to notes payable 1,295,592 282,000
Note issued for financing of insurance premiums $ 189,136 $ 179,024

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