Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended |
Sep. 30, 2014 | Sep. 30, 2013 |
CASH FLOW FROM OPERATING ACTIVITES: | ' | ' |
Net Loss for the Period | ($791,709) | ($1,064,391) |
Adjustments to reconcile net loss to net cash used by operating activities: | ' | ' |
Shares issued for services and rent | 207,300 | 287,682 |
Stock option expense | 43,530 | ' |
Depreciation | 29,476 | 19,395 |
Gain on extinguishment of debt | ' | -120,862 |
Loss on disposal of assets | ' | 35,259 |
Inventory impairment | ' | 45,397 |
Contributed services | ' | 32,963 |
Interest expense on shareholder loan | 1,423 | 275 |
Changes in Operating Assets and Liabilities: | ' | ' |
(Increase) / decrease in prepaids & other assets | -25,006 | 25,924 |
Decrease / (increase) in inventory | -104,034 | 60,257 |
Increase accounts payable | -318 | 10,109 |
Increase in accrued expenses | 187,623 | 2,373 |
Increase in accrued interest | 10,848 | 6,851 |
Increase in accrued salary | 96,395 | 130,383 |
Net Cash (Used) in Operating Activities | -344,472 | -521,937 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchase of property and equipment | -59,954 | -40,457 |
Net Cash Used by Investing Activities | -59,954 | -40,457 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Proceeds from issuance of stock | 75,000 | 228,000 |
Officer advances | 10,400 | ' |
Repayment of officer advance | -32,900 | ' |
Payments on loan from shareholders | ' | -5,470 |
Proceeds from notes payable | 376,847 | 412,742 |
Payments on notes payable | -32,464 | -123,196 |
Net Cash Provided by Financing Activities | 396,883 | 512,076 |
Net Increase (decrease) in Cash | -7,543 | -50,318 |
Cash at Beginning of Period | 8,398 | 67,860 |
Cash at End of Period | 855 | 17,542 |
Cash paid during the year for: | ' | ' |
Interest | 107 | ' |
Franchise and income taxes | ' | ' |
Supplemental disclosure of non-cash activities: | ' | ' |
Issuance of stock options | 195,885 | ' |
Stock issued for conversion of debt | 181,359 | ' |
Stock issued for accrued rent | 127,938 | 49,260 |
Stock issued for prepaid rent | $149,970 | $539,000 |