General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:        
Net loss $ (2,043,818) $ (3,945,254) $ (8,449,246) $ (4,524,732)
Adjustments to reconcile net loss to net cash flows from operating activities:        
Depreciation and amortization 41,022 86,680 211,946 377,261
Share-based compensation 260,149 377,892 1,682,063 880,765
Expenses paid through the issuance of common stock 192,166 37,583 145,987 411,459
(Gain) loss on change in fair value of derivative liabilities (160,118) 782,802 (1,539,876) (1,549,696)
Gain on negotiated reductions in account payable     (77,837)
Gain on sale of intellectual property     (4,338,601)
Loss on retirement of equipment     2,053
Amortization of debt issuance costs and original issue discounts 151,759 110,015 471,146 330,987
Increase (decrease) in cash resulting from changes in:        
Accounts receivable (279,494) (136,769) (749,094) 301,403
Inventory 217,873 (109,994) 68,626 (345,988)
Prepaid expenses and other current assets (18,114) (6,909) (68,029) 145,650
Other assets (58,473) (4,000) 9,811
Accounts payable and accrued expenses 52,790 13,782 (436,420) 1,143,175
Deferred revenue 35,697 (4,870) 13,299 (4,149)
Net cash flows from operating activities (1,608,561) (2,799,042) (8,637,734) (7,250,303)
Cash flows from investing activities:        
Purchases of property and equipment (77,649) (6,635) (76,883) (48,129)
Net cash flows from investing activities (77,649) (6,635) (76,883) (48,129)
Cash flows from financing activities:        
Net proceeds from equity private placement     4,879,134 9,379,880
Net proceeds from debt private placement / Payment of 2015 private placement financing costs (140,086) 3,503,314
Proceeds from stock option and warrant exercises     143,000
Net cash flows from financing activities (140,086) 4,879,134 13,026,194
Net change in cash and cash equivalents (1,826,296) (2,805,677) (3,835,483) 5,727,762
Cash and cash equivalents, beginning of year 5,408,523 9,244,006 9,244,006 3,516,244
Cash and cash equivalents, end of year 3,582,227 6,438,329 5,408,523 9,244,006
Cash paid for:        
Income taxes
Interest 223,500 223,500 223,500 223,500
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Transfer from inventory to property and equipment $ 24,223 $ 4,366 94,751 221,021
Accrued costs incurred equity private placement     138,747  
Notes payable cancelled, principal amount     4,338,601 $ 4,338,601
Fair value of the warrants issued to the placement agent     30,210  
Debt discount     $ 413,057