Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (18,812,656) $ (29,511,394)
Adjustments to reconcile net loss from operations to cash used by operations:    
Depreciation 251,886 415,163
Amortized discount and debt issuance costs on Senior Secured Notes 987,500
Amortization of Arosa Loan issuance cost 588,505
Change in fair value of common stock warrant liability (1,527,414)
Loss on sale of assets 28,645
Stock-based compensation 803,226 1,076,120
Effects of changes in operating assets and liabilities:    
Accounts receivable and lease receivable 1,016,631 403,700
Inventory (316,411) (5,003,498)
Prepaid expenses and deposits 409,723 (1,646,187)
Accounts payable and accrued liabilities (1,055,974) 5,910,998
Accounts payable, related parties (9,150) 72,242
Customer deposits 309,595
Net cash used by operations (17,325,894) (28,282,856)
Cash flows from investing activities:    
Capital expenditures (131,318) (85,576)
Proceeds from sale of fixed assets 4,800
Proceeds from lease receivable 134,493
Net cash provided by investing activities (126,518) 48,917
Cash flows from financing activities:    
Payments on notes payable (5,750,000)
Proceeds from long-term debt 7,800,000
Payments on long-term debt (2,091,378) (69,348)
Arosa Loan issuance costs (70,047)
Shareholder advances, net of repayments 7,000
Issuance of common stock 16,398,662 37,032,831
Exercise of warrants and options 90,066 633,863
Net cash provided by financing activities 16,377,303 37,604,346
Change in cash and cash equivalents (1,075,109) 9,370,407
Cash at the beginning of the period 4,069,477 469,570
Cash at the end of the period $ 2,994,368 $ 9,839,977