Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities    
Net loss $ (75,363,496) $ (7,699,127)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 412,594 861,831
Accretion of interest expense 532,323 63,773
Amortization of discount on convertible debt 2,285,173 962,412
Change in fair value of warrant liabilities 44,009,839 (727,239)
Loss on inducement in exchange for warrants 7,570,581
Provision for bad debt 35,000 98,650
Loss on disposal of fixed assets 803 17,557
Loss on deconsolidation of 350 Green 97,152
Gain on settlement of accounts payable, net (22,914) (840,625)
Non-compliance penalty for delinquent regular SEC filings 571,543
Non-compliance penalty for SEC registration requirement 73,498 239,178
Convertible preferred stock 131,967
Common stock 1,474,367 248,545
Options 320,443 396,124
Warrants 1,349,994 7,821
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (134,603) 324,249
Inventory 147,359 289,616
Prepaid expenses and other current assets (23,721) 397,667
Other assets 22,264 42,470
Accounts payable and accrued expenses 14,930,824 2,181,363
Deferred revenue (266,141) (316,798)
Total Adjustments 72,814,835 4,950,104
Net Cash Used in Operating Activities (2,548,661) (2,749,023)
Cash Flows From Investing Activities    
Purchases of fixed assets (23,169) (80,463)
Net Cash Used In Investing Activities (23,169) (80,463)
Cash Flows From Financing Activities    
Proceeds from sale of shares of Series C Convertible Preferred stock and warrants 1,367,120
Payment of Series C Convertible Preferred Stock issuance costs (52,500)
Payments of deferred offering costs (172,158) (53,640)
Payments of debt issuance costs (72,945) (87,405)
Bank overdrafts, net (11,566) 11,566
Proceeds from issuance of convertible note payable 2,500,000 1,000,000
Proceeds from issuance of notes payable to non-related party 260,000
Proceeds from issuance of notes payable to a related party 257,645 600,000
Repayment of notes and convertible notes payable (9,893) (138,988)
Net Cash Provided by Financing Activities 2,751,083 2,646,153
Net Increase (Decrease) In Cash 179,253 (183,333)
Cash - Beginning of Year 5,898 189,231
Cash - End of Year 185,151 5,898
Supplemental Disclosures of Cash Flow Information:    
Interest expense 44 2,414
Non-cash investing and financing activities:    
Return and retirement of common stock in connection with settlement 45,000
Issuance of common stock for services previously accrued 181,924 26,982
Accrual of contractual dividends on Series C Convertible Preferred Stock 4,267,100
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends 3,643,401 (611,600)
Issuance of Series C Convertible Preferred Stock in satisfaction of public information fee 3,023,500
Issuance of Series C Convertible Preferred Stock in satisfaction of registration rights penalty 1,245,500 1,468,500
Transfer of inventory to fixed assets 59,709
Accrual of warrant obligation in connection with issuance of notes payable 1,200,000
Issuance or accrual of common stock, warrants and embedded conversion options as debt discount in connection with the issuance of notes payable 1,382,224 204,465
Warrants issued in connection with sale of Series C convertible preferred stock 178,414
Accrual of deferred public offering costs 860,097 281,835
Accrual of issuance costs on Series C Convertible Preferred Stock 159,335
Warrants issued as debt discount in connection with issuances of notes payable 285,468
Issuance of common stock in exchange for warrants 46,385,962
Common stock issued in satisfaction of accrued issuable equity $ 4,235,402