Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (2,214,692) $ (819,531)
Amortization of deferred financing costs 0 75,508
Amortization of intangible asset 295 886
Depreciation expense 27,395 0
Stock-based compensation expense 589,007 165,318
Stock issued for services 238,001 0
Derivative income (19,232) (42,735)
Warrant expense 3,880 0
Changes in operating assets and liabilities:    
(Increase) decrease in other assets (12,452) 45,251
Increase in inventory (12,302) 0
Increase in due from related parties 0 122,427
(Decrease) increase in accounts payable and accrued expenses (140,197) 220,538
(Decrease) increase in accounts payable and accrued expenses - related party (15,249) 146,700
Increase in interest payable 500 89,309
Deferred lease liability 86,441 0
Net Cash (Used In) Provided by Operating Activities (1,468,605) 3,671
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (168,037) 0
Increase in interest receivable - related party 0 (3,454)
Net Cash Used In Investing Activities (168,037) (3,454)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net Cash Provided By (Used in) Financing Activities 0 0
Net (decrease) increase in cash (1,636,642) 217
Cash - Beginning of Period 5,934,534 527
Cash - End of Period 4,297,892 744
Cash Paid During the Period for:    
Taxes 0 0
Interest 0 0
Lease Payable
    
Non-Cash Transactions:    
Fixed assets acquired 184,877 0
Tenant Improvements
    
Non-Cash Transactions:    
Fixed assets acquired $ 148,730 $ 0