Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (13,327,103) $ (17,099,306)
Adjustments to reconcile net loss from operations to cash used by operations:    
Depreciation 152,525 269,028
Amortized discount and debt issuance costs on Senior Secured Notes 987,500
Stock-based compensation 548,263 654,525
Effects of changes in operating assets and liabilities:    
Accounts receivable and lease receivable 842,798 358,700
Inventory (342,727) (7,001,453)
Prepaid expenses and deposits 765,043 (511,902)
Accounts payable and accrued liabilities 1,876,390 3,591,211
Notes payable, related parties 550,000
Accounts payable, related parties 104,043
Customer deposits 265,595
Net cash used by operations (7,577,673) (19,739,197)
Cash flows from investing activities:    
Capital expenditures (70,576)
Proceeds from lease receivable 124,983
Net cash provided by investing activities 54,407
Cash flows from financing activities:    
Payments on long-term debt (16,770) (62,042)
Shareholder advances, net of repayments 1,004,201
Issuance of common stock 4,021,341 23,060,074
Exercise of warrants and options 90,066 633,863
Net cash provided by financing activities 4,094,637 24,636,096
Change in cash and cash equivalents (3,483,036) 4,951,306
Cash at the beginning of the period 4,069,477 469,570
Cash at the end of the period $ 586,441 $ 5,420,876