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

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended 39 Months Ended 42 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Jun. 30, 2012
Jun. 30, 2013
Dec. 31, 2011
Jun. 30, 2013
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net Loss $ (819,531) $ (630,850) $ (398,209) $ (6,727,457) $ (590,215) $ (8,016,470) $ (8,836,001)
Amortization of notes payable discount 0 10,579 77,416 19,312 138,939 287,500 287,500
Amortization of deferred financing costs 75,508 44,786 59,021 279,096 23,972 362,089 437,597
Amortization of intangible asset 886 0 0 295 0 295 1,181
Stock-based compensation expense 165,318 0 0 3,687,502 0 3,687,502 3,852,820
Derivative (income) expense (42,735) 0 0 157,761 0 157,761 115,026
Changes in operating assets and liabilities:              
Decrease (increase) in other assets 45,251 (167) (2,175) 6,706 (75,000) (170,469) (125,218)
Decrease (increase) in due from related parties 122,427 0 0 (206,609) (3,496) (206,609) (84,182)
Increase in accounts payable and accrued expenses 220,538 180,913 (79,742) 80,117 101,144 189,379 409,917
Increase in accounts payable and accrued expenses - related party 146,700 0 0 804,861 0 804,861 951,561
Increase in interest payable 89,309 49,700 58,307 270,451 41,439 380,575 469,884
Net Cash Provided by (Used In) Operating Activities 3,671 (345,039) (285,382) (1,627,965) (363,217) (2,523,586) (2,519,915)
CASH FLOWS FROM INVESTING ACTIVITIES:              
Purchase of fixed assets 0 0 0 (11,717) 0 (11,717) (11,717)
Acquisition of assets 0 0 0 (500,000) 0 (500,000) (500,000)
(Increase) decrease in interest receivable - related party (3,454) 19,217 (24,436) 28,206 (7,111) (3,341) (6,795)
Issuance of note receivable - related party 0 (83,372) (425,450) (305,603) (407,004) (1,138,057) (1,138,057)
Payments on note receivable - related party 0 0 0 974,228 0 974,228 974,228
Net Cash Used In Investing Activities (3,454) (64,155) (449,886) 185,114 (414,115) (678,887) (682,341)
CASH FLOWS FROM FINANCING ACTIVITIES:              
Payments on financing costs 0 (75,000) (84,500) (157,500) 0 (242,000) (242,000)
Proceeds from issuance of convertible notes payable 0 750,000 845,000 1,575,000 813,000 3,480,500 3,480,500
Repayments of convertible notes payable 0 0 0 0 (35,500) (35,500) (35,500)
Net Cash Provided By Financing Activities 0 675,000 760,500 1,417,500 777,500 3,203,000 3,203,000
Net increase in cash 217 265,806 25,232 (25,351) 168 527 744
Cash - Beginning of Period 527 25,878 646 25,878 478 0 0
Cash - End of Period 744 291,684 25,878 527 646 527 744
Cash Paid During the Period for:              
Taxes 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0
Non-Cash Transactions:              
Assumption of accrued expenses in reverse merger 0 0 0 1,207 0 1,207 1,207
Assumption of due to/from related party in reverse merger 0 0 0 23,263 0 23,263 23,263
Assets acquired in asset acquisition:              
Inventory 0 0 0 223,000 0 223,000 223,000
Fixed assets 0 0 0 264,000 0 264,000 264,000
Intangible assets 0 0 0 13,000 0 13,000 13,000
Cash paid for asset acquisition $ 0 $ 0 $ 0 $ 500,000 $ 0 $ 500,000 $ 500,000