Cash Flow

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (4,354,036) $ (2,319,538)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on extinguishment of debt 2,004,218  
Amortization of debt discounts 1,047,851 270,731
Stock-based compensation expense 11,953 1,085,294
Depreciation and amortization 11,314 13,745
Gain on derivatives liability (22,057) (46,311)
Stock and warrants issued for services   94,628
Gain on disposal of property and equipment   (600)
Changes in operating assets and liabilities:    
Change in accounts receivable (543,512) (139,126)
Change in inventory (186,647) 21,507
Change in prepaid expenses and other 167,863 (28,230)
Change in accounts payable 1,249,358 125,354
Change in accrued liabilities 565,710 419,958
Net cash used in operating activities (47,985) (502,588)
Cash flows from investing activities:    
Proceeds from sale of property and equipment   600
Purchases of property and equipment   (2,674)
Net cash used in investing activities   (2,074)
Cash flows from financing activities:    
Proceeds from issuance of notes payable, net 1,185,000 1,209,200
Principal payments on related-party notes payable (15,406)  
Principal payments on notes payable (996,622) (661,636)
Net cash provided by financing activities 172,972 547,564
Net increase in cash 124,987 42,902
Cash, beginning of the period 167,737 172,436
Cash, end of the period 292,724 215,338
Supplemental Cash Flow Information:    
Cash paid for interest 142,457 8,713
Non-Cash Investing and Financing Activities:    
Issuance of warrants for the purchase of common stock for loan origination fees 635,990  
Accrual of a liability to issue warrants to purchase shares of common stock for loan forbearance fees 148,677 130,246
Accrual of a liability to issue shares of common stock for loan forbearance fees 60,000  
Dividends on preferred stock $ 34,178 403,548
Issuance of common stock for loan origination fees   101,058
Issuance of common stock for consulting services   22,500
Conversion of related-party accounts payable and accrued liabilities to related-party notes payable   $ 31,252

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