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 ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (6,417,806) $ (7,920,606)
Adjustments to reconcile net loss from operations to cash used by operations:    
Depreciation 48,359 143,142
Amortized discount and debt issuance costs on Senior Secured Notes 493,750
Stock based compensation 72,178 327,262
Effects of changes in operating assets and liabilities:    
Accounts receivable and lease receivable 693,278 (349,300)
Inventory (405,627) (2,602,652)
Prepaid expenses and deposits 730,365 (1,278,374)
Accounts payable and accrued liabilities (70,024) (1,278,532)
Accounts payable, related parties 61,312 (77,242)
Customer deposits 212,595
Net cash used by operations (4,581,620) (13,036,302)
Cash flows from investing activities:    
Capital expenditures (35,883)
Proceeds from lease receivable 110,718
Net cash provided by investing activities 74,835
Cash flows from financing activities:    
Payments on long-term debt (9,024) (4,788)
Issuance of common stock 1,187,415 22,485,999
Exercise of warrants and options 87,315 251,581
Net cash provided by financing activities 1,265,706 22,732,792
Change in cash and cash equivalents (3,315,914) 9,771,325
Cash at the beginning of the period 4,069,477 469,570
Cash at the end of the period $ 753,563 $ 10,240,895