Consolidated Statements of Cash Flows (USD $) | 6 Months Ended |
Jun. 30, 2014 | Jun. 30, 2013 |
OPERATING ACTIVITIES | ' | ' |
Net loss | ($10,398,301) | ($7,217,560) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Stock option and warrants issued for services | 1,936,357 | 3,782,658 |
(Gain) loss on settlement of debt | ' | 637,097 |
(Gain) loss on sale of assets | 11,235 | ' |
Stock issued for services | 1,400,714 | 257,388 |
Depreciation and amortization | 2,282,386 | 1,197,853 |
Amortization of debt discount | ' | 58,366 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable and billings in excess | -1,173,880 | -868,672 |
Inventory | -225,905 | -20,331 |
Construction in progress | -171,226 | -2,313,905 |
Prepaid expenses and deposits | 319,496 | 384,982 |
Accounts payable and accrued expenses | -927,411 | -1,301,776 |
Net Cash Used in Operating Activities | -6,969,005 | -6,678,094 |
Net Cash Provided by (Used in) Discontinued Operating Activities | ' | -64,672 |
INVESTING ACTIVITIES | ' | ' |
Other receivables (2) | 61,795 | ' |
Purchase of property and equipment | 2,688,446 | 12,460 |
Net Cash Used in Investing Activities | -2,626,651 | -12,460 |
Net Cash Used in Discontinued Investing Activities | -17,882 | ' |
FINANCING ACTIVITIES | ' | ' |
Proceeds from warrants and options exercised | 5,568,957 | 1,872,088 |
Repayment of line of credit | 1,324,336 | 1,500,000 |
Proceeds from related party loans | ' | 420,000 |
Proceeds from notes payable | 183,622 | ' |
Proceeds from preferred stock | ' | 8,832,200 |
Cash received on stock subscriptions | 1,145,880 | ' |
Proceeds from line of credit | 96,884 | 1,500,000 |
Repayment of notes payable | 42,802 | 512,253 |
Repayment of related party loans | 4,004 | 691,853 |
Net Cash Provided by Financing Activities | 5,624,201 | 9,920,182 |
Net Cash Provided by (Used in) Discontinued Financing Activities | ' | -10,647 |
NET INCREASE (DECREASE) IN CASH | -3,989,337 | 3,154,309 |
CASH AT BEGINNING OF PERIOD | 8,403,731 | 659,009 |
CASH AT END OF PERIOD | 4,414,394 | 3,813,318 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ' | ' |
Cash paid for Interest | 136,447 | 232,809 |
NON CASH FINANCING ACTIVITIES: | ' | ' |
Common stock issued upon conversion of debt | ' | 201,822 |
Common stock issued for conversion of preferred stock | 1,884,095 | 540,399 |
Common stock issued for equipment | ' | 195,360 |
Common stock issued for acquisition of subsidiary | 4,602,500 | ' |
Common stock issued for debt discount | ' | 24,500 |
Common stock issued for line of credit fee | ' | 100,000 |
Common stock cancelled for assets | ' | -1,291,746 |
Debt issued for equipment | $137,693 | ' |