Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities    
Net loss $ (5,007,557)us-gaap_NetIncomeLoss $ (4,853,640)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 3,122,259us-gaap_AllocatedShareBasedCompensationExpense 855,256us-gaap_AllocatedShareBasedCompensationExpense
Stock issued for services 196,500MEEC_StockIssuedForServices 108,500MEEC_StockIssuedForServices
Stock to be issued for license agreement    825,000MEEC_StockToBeIssuedForLicenseAgreement
Amortization of license fees 5,882us-gaap_CostOfServicesLicensesAndMaintenanceAgreements 5,882us-gaap_CostOfServicesLicensesAndMaintenanceAgreements
Amortization of discount of notes payable 1,052,899us-gaap_AmortizationOfDebtDiscountPremium 141,489us-gaap_AmortizationOfDebtDiscountPremium
Amortization of debt issuance costs 413,484us-gaap_AmortizationOfFinancingCosts 63,122us-gaap_AmortizationOfFinancingCosts
Amortization of customer acquisition costs 130,979us-gaap_AmortizationOfAcquisitionCosts   
Depreciation expense 250,262us-gaap_DepreciationDepletionAndAmortization 170,512us-gaap_DepreciationDepletionAndAmortization
Gain on forgiveness of liabilities    (80,656)MEEC_GainOnForgivenessOfLiabilities
Gain on the change in value of warrant liability (4,204,189)MEEC_GainOnChangeInValueOfWarrantLiability  
PIK interest 918,435MEEC_PikInterest 301,165MEEC_PikInterest
Change in assets and liabilities    
Increase in accounts receivable (177,091)us-gaap_IncreaseDecreaseInAccountsReceivable (109,395)us-gaap_IncreaseDecreaseInAccountsReceivable
Decrease (increase) in inventory (5,784,905)us-gaap_IncreaseDecreaseInInventories 37,993us-gaap_IncreaseDecreaseInInventories
Decrease (increase) in prepaid expenses and other assets (67,687)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 18,208us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase in accounts payable and accrued liabilities 378,028us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 970,035us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase in deferred revenue 5,808,301us-gaap_IncreaseDecreaseInDeferredRevenue   
Net cash used in operating activities (2,964,400)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,546,529)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows used in investing activities    
Purchase of property and equipment (297,870)us-gaap_EquipmentExpense   
Net cash used in investing activities 297,870us-gaap_NetCashProvidedByUsedInInvestingActivities   
Cash flows from financing activities    
Payment of debt issuance costs (747,969)us-gaap_PaymentsOfFinancingCosts (395,778)us-gaap_PaymentsOfFinancingCosts
Payment of equity issuance costs (45,325)us-gaap_PaymentOfFinancingAndStockIssuanceCosts   
Proceeds from notes payable 300,000us-gaap_ProceedsFromNotesPayable   
Payment on note payable (600,000)us-gaap_ProceedsFromRepaymentsOfNotesPayable (150,000)us-gaap_ProceedsFromRepaymentsOfNotesPayable
Proceeds from the issuance of convertible promissory notes and related warrants 10,000,000us-gaap_ProceedsFromOtherOperatingActivities 2,412,545us-gaap_ProceedsFromOtherOperatingActivities
Proceeds from the issuance of common stock and related warrants 1,050,260us-gaap_ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants   
Proceeds from the issuance of common stock upon warrant exercise 7,813us-gaap_ProceedsFromIssuanceOfCommonStock   
Net cash provided by financing activities 9,964,779us-gaap_NetCashProvidedByUsedInFinancingActivities 1,866,767us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 6,702,509us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 320,238us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents - beginning of period 509,605us-gaap_CashAndCashEquivalentsAtCarryingValue 189,367us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents - end of period 7,212,114us-gaap_CashAndCashEquivalentsAtCarryingValue 509,605us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for - Interest 12,007us-gaap_InterestPaidNet 13,083us-gaap_InterestPaidNet
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS    
Equipment purchases included in accounts payable 34,250MEEC_EquipmentPurchasesIncludedInAccountsPayable 112,000MEEC_EquipmentPurchasesIncludedInAccountsPayable
Accrued sales credits included in customer acquisition costs 936,500MEEC_AccruedSalesCreditsIncludedInCustomerAcquisitionCosts   
Non cash debt issuance costs 1,251,200MEEC_NonCashDebtIssuanceCosts 252,905MEEC_NonCashDebtIssuanceCosts
Conversion of advances payable to debt 4,167MEEC_ConversionOfAdvancesPayableToDebt 1,036,195MEEC_ConversionOfAdvancesPayableToDebt
Conversion of debt and accrued interest to equity 616,504MEEC_ConversionOfDebtAndAccruedInterestToEquity 866,211MEEC_ConversionOfDebtAndAccruedInterestToEquity
Conversion of accounts payable and other liabilities to equity 377,002MEEC_ConversionOfAccountsPayableAndOtherLiabilitiesToEquity   
Conversion of accrued interest to debt $ 918,435MEEC_ConversionOfAccruedInterestToDebt $ 305,496MEEC_ConversionOfAccruedInterestToDebt