Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2017
Jun. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:                  
Net loss $ (688,847) $ (135,140) $ (1,531,320) $ (3,538,456) $ (2,588,545) $ (4,908,237) $ (4,081,129) $ (4,331,216) $ (10,428,766)
Adjustments to reconcile net loss to net cash used in operating activities:                  
Depreciation and amortization 141,028 135,310 281,232 274,636 415,230 413,602 549,374 555,396 566,929
Stock based compensation 15,886 55,362 29,778 218,326 41,629 1,016,033 122,432 297,117 375,697
Warrants issued for services     175,203 751,936 175,203   175,203 911,703  
Change in fair value of derivative liability (763,885) (1,709,848) (976,770) (672,799) (1,260,069) (1,310,777) (1,144,834) (3,485,801) (45,356)
Common shares issued for services 40,000 35,455 55,185 217,140 290,632 331,118 290,632 411,058 1,235,321
Interest expense-debt discount 27,922 55,845 83,767 111,630 754,761
Loss/Gain on 5BARz AG liquidation 17,133         (148,702) 155,251
Inventory reserve expense     34,266 54,923 82,600 84,400  
Gain on settlement of debt     (122,187) (534,623)     (122,187) (485,440)
Other income         (122,187) (486,490) (84,667)    
Deferred tax expense (82,274)   (82,274)   (82,274)    
Loss on disposition of assets 6,258 6,380 46,161 46,173    
Changes in operating assets and liabilities:                  
Change in inventories 16,840 12,293 17,790 32,769 18,851 (28,153) 42,863 (55,936) (1,968)
Change in other receivable 19,358 (23,708) 19,358 (28,257) 19,358 (265,666) 19,358 (18,032) (1,326)
Change in accounts payable and accrued expenses 976,529 240,926 1,612,982 725,505 2,002,364 1,312,307 2,083,357 1,153,965 1,949,706
Change in taxes, interest and penalties             100,000 378,284  
Change in prepaid expenses and deposits (123,460) (18,624) (101,898) (41,750) (111,577) (92,117) (92,655) (46,855) (45,350)
Change in unpaid interest and penalties on notes payable 2,735 (11,040) 49,843 49,673 71,967 82,146 429,525 168,740 1,442,960
Net cash used in operating activities (439,832) (1,373,959) (566,698) (2,455,791) (1,083,257) (3,797,544) (1,583,955) (4,499,689) (4,042,141)
CASH FLOWS FROM INVESTING ACTIVITIES:                  
Acquisition (disposition) of intangible assets (599) (3,915) (6,390) (10,611) (11,722) (9,418)
Purchase of furniture and equipment assets (2,198) (85,232) (81,093) (3,962) (92,396) (22,413)
Net cash (used in) investing activities (2,797) (89,147) (87,483) (14,573) (104,118) (31,831)
CASH FLOWS FROM FINANCING ACTIVITIES:                  
Proceeds from issuance of convertible notes 49,961 129,442 614,271 1,005,826 2,476,750
Repayment on notes payable (22,500) (94,812) (32,678) (94,812)      
Proceeds used to settle notes payable         (32,678) (94,812) (1,071,434)
Proceeds from exercise of warrants         622,083 622,085
Proceeds from issuance of common stock 145,000 1,391,000 211,020 2,437,000 234,820 3,234,000 438,720 3,946,000 2,960,168
Cancellation of capital leases             (18,804)
Net cash provided by financing activities 194,961 1,368,500 340,462 2,342,188 816,413 3,761,271 1,411,868 4,473,271 4,346,680
Effect of foreign currency exchange on cash 56,858 9,348 76,281 (3,215) 48,547 (4,950) 126,039 64,026 (3,250)
NET INCREASE IN CASH (188,013) 1,092 (149,955) (205,965) (218,297) (128,706) (60,621) (66,510) 269,458
CASH AND CASH HELD IN TRUST, BEGINNING OF YEAR 228,051 294,561 228,051 294,561 228,051 294,561 228,051 294,561 25,103
CASH AND CASH HELD IN TRUST,END OF PERIOD 5,558 295,653 1,850 88,596 7,021 165,855 167,430 228,051 294,561
Supplementary disclosure of Cash Flow Information                  
Cash paid for interest   14,741 77,648   31,041 3,466 11,723
NON-CASH INVESTING AND FINANCING ACTIVITIES                  
Issuance of shares in settlement of notes payable     1,018,981 1,293,003      
Conversion of notes payable and accrued expenses to common stock             488,873 1,729,739 458,852
Settlement of accounts payable with common stock 40,000 25,584 76,975   86,975 251,148 86,975 271,148 109,000
Issuance of shares for services         290,632 331,118 $ 290,632 411,058 1,235,321
Settlement of notes payable with common stock $ 212,811 697,259 321,723 455,539      
Issuance of warrants in connection with debt               600,000
Reclassification of derivative liability from equity     $ 1,989,653 $ 2,596,406      
Reclassification warrants to derivative liabilities from equity   $ 504,352           1,823,083
Cancellation of capital lease               $ 83,940