General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities        
Net loss $ (16,636,341) $ (7,123,012) $ (14,261,531) $ (5,007,557)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock based compensation 967,562 611,173 789,087 3,122,259
Stock issued for services     196,500
Amortization of license fees 4,410 4,412 5,882 5,882
Amortization of discount of notes payable 1,282,283 3,607,645 4,030,201 1,052,899
Amortization of debt issuance costs 500,002 504,090 670,107 413,484
Amortization of customer acquisition costs 322,605 189,101 259,093 130,979
Depreciation expense 314,906 75,000 125,853 250,262
Gain (loss) on the change in value of warrant liability 14,241,139 (1,461,324) 3,194,189 (4,204,189)
Debt conversion inducement expense 1,096,000 1,123,380 1,123,380
Noncash settlement charge expense     1,335,394
PIK interest 607,401 766,518 1,324,463 918,435
Change in assets and liabilities        
Increase in accounts receivable (4,280,516) (701,992) (739,652) (177,091)
Decrease (increase) in inventory 1,949,996 191,099 3,068,992 (5,784,905)
Decrease (increase) in prepaid expenses and other assets (20,129) 29,909 (11,513) (67,687)
(Decrease) increase in accounts payable and accrued liabilities 4,240,791 55,381 (125,371) 378,028
(Decrease) increase in deferred revenue (2,281,760) (465,901) (3,526,541) 5,808,301
Net cash used in operating activities 2,308,349 (2,594,521) (2,737,967) (2,964,400)
Cash flows used in investing activities        
Purchase of property and equipment (1,347,836) (704,831) (956,605) (297,870)
Net cash used in investing activities (1,347,836) (704,831) (956,605) (297,870)
Cash flows from financing activities        
Payment of debt issuance costs     (22,688) (747,969)
Payment of equity issuance costs     (45,325)
Proceeds from notes payable     300,000
Payment on note payable     (11,574) (600,000)
Payments on convertible promissory notes (3,000,000) (3,000,000)
Proceeds from the issuance of convertible promissory notes and related warrants     600,000 10,000,000
Proceeds from the issuance of common stock and related warrants     1,050,260
Proceeds from the issuance of common stock upon warrant exercise 26,357 7,813
Payment of equipment notes payable (22,346)    
Net cash provided by financing activities 4,011 (3,000,000) (2,434,262) 9,964,779
Net (decrease) increase in cash and cash equivalents 964,524 (6,299,352) (6,128,834) 6,702,509
Cash and cash equivalents - beginning of period 1,083,280 7,212,114 7,212,114 509,605
Cash and cash equivalents - end of period 2,047,804 912,762 1,083,280 7,212,114
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid during the period for - Interest 279,293 10,134 69,489 12,007
Cash paid during the period for - Taxes 23,727 35,930 41,149 9,273
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS        
Equipment purchases included in accounts payable 103,428 57,007 34,250
Equipment purchases included in note payable     113,718
Accrued sales credits included in customer acquisition costs 188,225 936,500
Non cash debt issuance costs     76,200 1,121,500
Non cash discounts on notes payable     168,000 8,550,000
Stock issued for interest on notes payable 103,635 161,580 161,580 256,487
Conversion of advances payable to debt     4,167
Conversion of debt and accrued interest to equity 3,331,817 3,331,817 616,504
Conversion of accounts receivable to customer acquisition costs 188,225 936,500
Conversion of accounts payable and other liabilities to equity     377,002
Conversion of accrued interest to debt $ 719,733 $ 1,104,349 $ 1,324,463 $ 918,435