Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,908,237) $ (8,141,431)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 413,602 429,743
Stock based compensation 1,016,033 323,508
Change in fair value of derivative liability (1,310,777) 213,357
Common shares issued for services 331,118 612,322
Interest expense- debt discount 83,767 905,811
Inventory reserve expense 54,923
Liquidation of 5BARz AG 155,251
Gain on settlement of debt (486,490)
Changes in operating assets and liabilities:    
Change in inventories (28,153) (3,740)
Change in other receivable (265,666) (292)
Change in accounts payable and accrued expenses 1,312,307 1,707,717
Change in prepaid expenses and deposits (92,117) (49,970)
Change in unpaid interest and penalties on notes payable 82,146 820,226
Net cash used in operating activities (3,797,544) (3,027,498)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of intangible assets (6,390) (4,908)
Purchase of furniture and equipment assets (81,093) (18,946)
Net cash used in investing activities (87,483) (23,854)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible notes 2,169,750
Repayment used to settle notes payable (94,812) (454,968)
Proceeds from exercise of warrants 622,083
Proceeds from issuance of common stock 3,234,000 1,464,469
Principal payments of capital leases (18,804)
Net cash provided by financing activities 3,761,271 3,160,447
Effect of foreign currency exchange (4,950) (11,775)
NET INCREASE (DECREASE) IN CASH (128,706) 97,320
CASH, BEGINNING OF PERIOD 294,561 25,103
CASH, END OF PERIOD 165,855 122,423
Supplementary disclosure of Cash Flow Information    
Cash paid for interest 31,041 8,704
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of shares in settlement of notes payable 1,293,003 290,205
Settlement of accounts payable with common stock $ 251,148 $ 119,000
Issuance of shares for services 331,118 612,322
Issuance of warrants in connection with debt $ 600,000
Reclassification of derivative liability from equity 2,596,406 714,782
Reclassification of debt discount for repayment of note 173,397
Cancellation of capital lease $ 83,940