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 $ (4,806,253) $ (5,630,657)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,594,673 1,768,837
Loss on extinguishment of debt 95,310
Asset impairment charge 1,731,267 1,472,890
Loss on investments 45,932
Common stock and warrants issued for services 129,767 217,816
Amortization of debt discount 893,873 501,126
Change in assets and liabilities:    
Accounts and other receivables 114,007 249,255
Prepaid and other assets 2,767 50,667
Inventory 72,802 23,872
Accounts payable and accrued liabilities 1,346,910 1,048,468
Related party payables (624)
Deferred revenue (22,130)
Deferred income taxes (779,359) 105,729
Deferred rent (54,307) 109,219
Net cash provided by operating activities 269,325 12,532
Cash flows from investing activities:    
Purchase of property and equipment (1,698,747) (1,323,066)
Cash paid for acquisitions, net of cash acquired (30,000)
Net cash used in investing activities (1,728,747) (1,323,066)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 1,687,184
Proceeds from sale of preferred stock 591,651
Payments related to sale of preferred stock (243,480)
Loan proceeds 6,594,535
Payment of deferred financing costs (293,294)
Loan repayments (270,579) (5,706,774)
Capital lease payments (20,916)
Distributions to non-controlling interest (101,163)
Contributions of non-controlling interest 800,000 675,000
Net cash provided by financing activities 2,115,442 1,596,722
Effect of exchange rate changes on cash 3,091 (8,440)
Net increase in cash and restricted cash 659,111 277,748
Cash and restricted cash, beginning of period 438,493 268,575
Cash and restricted cash, end of period 1,097,604 546,323
Supplemental cash flow information:    
Interest 407,573 601,972
Income taxes 88,748 6,532
Non-cash investing and financing activities:    
Convertible debt settled through issuance of common stock 200,000 625,000
Accrued interest settled through issuance of convertible debt 95,107
Preferred stock dividends paid through issuance of common stock 57,933 34,377
Common stock issued in connection with working capital adjustment 27,018
Purchases of businesses:    
Current assets excluding cash 9,580
Property and equipment 30,000
Note payable (9,580)
Cash paid for acquisitions $ 30,000

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