Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (10,427,092) $ (25,053,248)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 378,834 431,368
Loss on disposal and abandonment of assets 136,719 33,184
Gain on forgiveness of accounts payable (85,355)  
Change in reserve for uncollectable accounts   16,000
Change in inventory reserve 43,354 138,914
Amortization of debt discount and issuance costs 77,964 423,522
Debt discount and issuance costs written off 1,955,541  
Prepayment premium and debt collection fees related to long term debt 2,923,271  
Compounded interest on long term debt 1,367,259 1,231,125
Stock compensation expense 310,642 1,916,179
Equity in loss of R-NAV, LLC 15,159 295,217
Loss on disposal of investment in R-NAV, LLC 39,732  
Change in fair value of financial instruments (1,755,989) 1,702,902
Loss on extinguishment of debt   2,440,714
Issued stock to 401(k) plan for employer matching contributions 120,800 117,099
Extension of warrant expiration date   149,615
Issued warrants in connection with advisory services agreement   256,450
Other (15,159) (53,642)
Changes in operating assets and liabilities:    
Accounts receivable 210,536 (1,108,828)
Inventory (195,330) (83,712)
Prepaid expenses and other assets 11,465 588,996
Accounts payable 3,212,632 (178,620)
Accrued and other liabilities 4,113,403 305,170
Deferred revenue (1,195,911) 1,419,198
Net cash provided by (used in) operating activities 1,299,084 (14,881,135)
Cash flows from investing activities:    
Purchases of equipment (1,847) (30,406)
Proceeds from sales of equipment 45,000 38,265
Patent and trademark costs   (27,092)
Payments on disposal of investment in R-NAV, LLC (110,000)  
Proceeds from disposal of investment in R-NAV, LLC 27,623  
Net cash used in investing activities (39,224) (19,233)
Cash flows from financing activities:    
Proceeds from issuance of MT Preferred Stock and warrants   500,000
Payment of preferred stock issuance costs   (12,587)
Proceeds from issuance of common stock, net 140 65,975
Payment of tax withholdings related to stock-based compensation   (23,906)
Proceeds from notes payable   54,500,000
Payment of debt-related costs (3,923,271) (3,902,487)
Principal payments on notes payable (189,163) (30,333,333)
Restricted cash held for payment against debt (3,501,247)  
Payments under capital leases (2,154) (1,880)
Net cash (used in) provided by financing activities (7,615,695) 20,791,782
Net (decrease) increase in cash (6,355,835) 5,891,414
Cash, beginning of period 7,166,260 5,479,006
Cash, end of period 810,425 11,370,420
Directors [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Value of restricted stock issued to directors $ 56,609 $ 131,262