Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net loss $ (1,911,072) $ (1,653,285)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 300,540 954,621
Amortization of license fees 1,470
Amortization of discount of notes payable 183,856 183,859
Amortization of debt issuance costs 38,160 38,824
Amortization of customer acquisition costs 34,467 120,846
Amortization of EERCF patents 50,301
Depreciation expense 164,279 179,442
Change in assets and liabilities    
Decrease in accounts receivable 2,090,287 1,347,357
Decrease (Increase) in inventory 40,816 (631,821)
Decrease (Increase) in prepaid expenses and other assets 40,872 (2,410)
(Decrease) in accounts payable and accrued liabilities (1,550,567) (3,451,991)
(Decrease) in deferred Revenue and customer credits (517,060)
Net cash used in operating activities (1,035,121) (2,913,088)
Cash flows used in investing activities    
Purchase of property and equipment (114,508) (447,842)
Net cash used in investing activities (114,508) (447,842)
Cash flows from financing activities    
Payments of notes payable (639,215) (12,077)
Net cash used in financing activities (639,215) (12,077)
Net decrease in cash and cash equivalents (1,788,844) (3,373,007)
Cash and cash equivalents - beginning of period 2,418,427 7,751,557
Cash and cash equivalents - end of period 629,583 4,378,550
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for: Interest 287,232 337,813
Cash paid during the period for: Taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS    
Equipment purchases included in equipment notes payable 101,201
Stock issued for interest on convertible notes payable $ 618