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 ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:        
Net loss $ (3,825,782) $ (7,005,405) $ (8,449,246) $ (4,524,732)
Adjustments to reconcile net loss to net cash flows from operating activities:        
Depreciation and amortization 88,678 137,356 211,946 377,261
Share-based compensation 498,881 1,152,309 1,682,063 880,765
Expenses paid through the issuance of common stock 230,397 72,326 145,987 411,459
(Gain) loss on change in fair value of derivative liabilities (424,045) 969,106 (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 1,689   2,053
Amortization of debt issuance costs and original issue discounts 234,943 223,739 471,146 330,987
Gain from debt restructuring (121,224)    
Increase (decrease) in cash resulting from changes in:        
Accounts receivable 448,320 (18,154) (749,094) 301,403
Inventory 51,483 (188,079) 68,626 (345,988)
Prepaid expenses and other current assets (161,552) (128,130) (68,029) 145,650
Other assets (227,570) (16,715) 9,811
Accounts payable and accrued expenses (193,063) (885,757) (436,420) 1,143,175
Deferred revenue 106,628 (29,490) 13,299 (4,149)
Net cash flows from operating activities (3,292,217) (5,716,894) (8,637,734) (7,250,303)
Cash flows from investing activities:        
Purchases of property and equipment (100,324) (7,377) (76,883) (48,129)
Net cash flows from investing activities (100,324) (7,377) (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     3,503,314
Proceeds from stock option and warrant exercises     143,000
Offering costs    
Net cash flows from financing activities 4,879,134 13,026,194
Net change in cash and cash equivalents (3,392,541) (5,724,271) (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 2,015,982 3,519,735 5,408,523 9,244,006
Cash paid for:        
Income taxes
Interest 739,323 223,500 223,500
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Transfer from inventory to property and equipment 89,184 $ 63,196 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  
Derivative liability of warrants $ 192,173