Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (3,287,950) $ (2,214,692)
Amortization of intangible asset 1,823 295
Depreciation expense 70,313 27,395
Stock-based compensation expense 980,350 589,007
Stock issued for services 0 238,001
Derivative gains (12,587) (19,232)
Warrant expense 11,407 3,880
Changes in operating assets and liabilities:    
(Increase) decrease in other assets 68,622 (12,452)
Increase in inventory (119,540) (12,302)
Decrease in accounts payable and accrued expenses (202,398) (140,197)
Decrease in accounts payable and accrued expenses - related party 0 (15,249)
Increase in interest payable 500 500
Increase (decrease) in deferred lease liability (24,221) 86,441
Net Cash Used In Operating Activities (2,513,681) (1,468,605)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (576,271) (168,037)
Return of security deposit 187,500 0
Increase in restricted cash (113) 0
Net Cash Used In Investing Activities (388,884) (168,037)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on lease payable (23,109) 0
Net Cash Used in Financing Activities (23,109) 0
Net decrease in cash (2,925,674) (1,636,642)
Cash - Beginning of Period 5,278,706 5,934,534
Cash - End of Period 2,353,032 4,297,892
Cash Paid During the Period for:    
Taxes 0 0
Interest 0 0
Accounts payable and Accrued expenses    
Non-Cash Transactions:    
Fixed assets acquired 465,252 0
Lease Payable    
Non-Cash Transactions:    
Fixed assets acquired 0 184,877
Tenant Improvements    
Non-Cash Transactions:    
Fixed assets acquired $ 0 $ 148,730