Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities    
Net loss $ (101,134,331) $ (9,154,924)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 323,186 744,354
Accretion of interest expense 239,711
Amortization of discount on convertible debt 1,863,680 168,443
Change in fair value of warrant liabilities 72,882,216 2,450,045
Loss on inducement 7,570,581
Provision for bad debt 38,275 95,715
Loss on disposal of fixed assets 17,348
Loss on deconsolidation of 350 Green 97,152
Gain on settlement of accounts payable, net (22,914) (503,125)
Non-compliance penalty for delinquent regular SEC filings 571,543
Non-compliance penalty for SEC registration requirement 73,498 188,125
Convertible preferred stock 131,967
Common stock 670,003 192,881
Options 155,938 815,353
Warrants 606,891 7,295
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (69,354) 522,076
Inventory 160,829 251,236
Prepaid expenses and other current assets (27,781) 138,569
Deposits 39,456
Other assets 49,536 (105,223)
Accounts payable and accrued expenses 14,743,743 1,548,913
Deferred revenue (240,880) (536,635)
Total Adjustments 99,114,310 7,241,461
Net Cash Used in Operating Activities (2,020,021) (1,913,463)
Cash Flows From Investing Activities    
Purchases of fixed assets (12,681) (80,463)
Net Cash Used In Investing Activities (12,681) (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 future offering costs (60,209)
Payments of deferred public offering costs (38,263)  
Payments of debt issuance costs (72,945) (45,000)
Bank overdrafts, net 84,144 139,844
Proceeds from issuance of convertible note payable 1,550,100
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 (4,815) (135,428)
Net Cash Provided by Financing Activities 2,035,866 1,813,827
Net Increase (Decrease) In Cash 3,164 (180,099)
Cash - Beginning of Period 5,898 189,231
Cash - Ending of Period 9,062 9,132
Supplemental Disclosures of Cash Flow Information:    
Interest expense 44 2,245
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 2,374,300 1,070,400
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends 2,731,500 (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
Transfer of inventory to fixed assets 19,029 55,207
Accrual of warrant obligation in connection with issuance of notes payable 8,616
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 407,679
Accrual of issuance costs on Series C Convertible Preferred Stock 159,335
Issuance of common stock in exchange for warrants $ 46,387,833