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 $)
 6 Months Ended 9 Months Ended 12 Months Ended 39 Months Ended 48 Months Ended
Jun. 30, 2012
Mar. 31, 2014
Mar. 31, 2013
Jun. 30, 2013
Dec. 31, 2011
Jun. 30, 2013
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net Loss $ (398,209) $ (7,725,223) $ (5,697,839) $ (6,727,457) $ (590,215) $ (8,016,470) $ (15,741,693)
Amortization of notes payable discount 77,416 3,356,000 19,312 19,312 138,939 287,500 3,643,500
Amortization of deferred financing costs 59,021 416,337 188,511 279,096 23,972 362,089 778,426
Amortization of intangible asset 0 2,658 0 295 0 295 2,953
Stock-based compensation expense 0 495,120 3,269,893 3,687,502 0 3,687,502 4,182,622
Warrant expense   76,064 0       76,064
Derivative expense 0 559,791 311,794 157,761 0 157,761 717,552
Write off expense   341,780 0       341,780
Changes in operating assets and liabilities:              
(Increase) decrease in other assets (2,175) (24,331) (188,444) 6,706 (75,000) (170,469) (194,800)
Increase in due from related parties 0 18,948 (151,809) (206,609) (3,496) (206,609) (187,661)
Increase (decrease) in accounts payable and accrued expenses (79,742) 457,350 142,067 80,117 101,144 189,379 646,729
Increase in accounts payable and accrued expenses - related party 0 590,838 522,893 804,861 0 804,861 1,395,699
Increase in interest payable 58,307 365,485 188,399 270,451 41,439 380,575 746,060
Net Cash Used In Operating Activities (285,382) (1,069,183) (1,395,223) (1,627,965) (363,217) (2,523,586) (3,592,769)
CASH FLOWS FROM INVESTING ACTIVITIES:              
Purchase of fixed assets 0 0 (11,717) (11,717) 0 (11,717) (11,717)
Acquisition of assets 0 0 (500,000) (500,000) 0 (500,000) (500,000)
(Increase) decrease in interest receivable (24,436) (10,212) 31,547 28,206 (7,111) (3,341) (13,553)
Issuance of note receivable - related party (425,450) 0 (305,603) (305,603) (407,004) (1,138,057) (1,138,057)
Payments on note receivable - related party 0 0 974,228 974,228 0 974,228 974,228
Net Cash Provided By (Used In) Investing Activities (449,886) (10,212) 188,455 185,114 (414,115) (678,887) (689,099)
CASH FLOWS FROM FINANCING ACTIVITIES:              
Payments on financing costs (84,500) (270,300) 0 (157,500) 0 (242,000) (512,300)
Proceeds from issuance of convertible notes payable 845,000 2,703,000 1,575,000 1,575,000 813,000 3,480,500 6,183,500
Repayments of convertible notes payable 0 (67,500) 0 0 (35,500) (35,500) (103,000)
Proceeds from issuance of notes payable - related party   234,700 0       234,700
Net proceeds from issuance of equity financing   4,970,453 0       4,970,453
Payment of placement agent compensation and issuance costs   (849,858) 0       (849,858)
Net Cash Provided By Financing Activities 760,500 6,720,495 1,575,000 1,417,500 777,500 3,203,000 9,923,495
Net increase (decrease) in cash 25,232 5,641,100 368,232 (25,351) 168 527 5,641,627
Cash - Beginning of Period 646 527 25,878 25,878 478 0 0
Cash - End of Period 25,878 5,641,627 394,110 527 646 527 5,641,627
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 1,207 1,207 0 1,207 1,207
Assumption of due to/from related party in reverse merger 0 0 23,263 23,263 0 23,263 23,263
Conversion of convertible notes payable to common stock   5,710,500 0       5,710,500
Conversion of interest payable to common stock   647,342 0       647,342
Conversion of accounts payable and accrued expense - related party to common stock   275,000 0       275,000
Beneficial conversion feature recorded as a debt discount   2,922,938 0       2,922,938
Warrant value recorded as a debt discount   433,062 0       433,062
Assets acquired in asset acquisition:              
Inventory 0 0 223,000 223,000 0 223,000 223,000
Fixed Assets 0 0 264,000 264,000 0 264,000 264,000
Intangible assets 0 0 13,000 13,000 0 13,000 13,000
Cash paid for asset acquisition $ 0 $ 0 $ 500,000 $ 500,000 $ 0 $ 500,000 $ 500,000