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

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:        
Net loss $ (1,655,738) $ (2,043,818) $ (8,069,895) $ (8,449,246)
Adjustments to reconcile net loss to net cash flows from operating activities:        
Depreciation and amortization 36,121 41,022 155,707 211,946
Share-based compensation 206,896 260,149 959,585 1,682,063
Expenses paid through the issuance of common stock 192,166 290,245 145,987
(Gain) loss on change in fair value of derivative liabilities 93,046 (160,118) (1,065,935) (1,539,876)
Loss on debt restructuring     811,909
Loss on retirement of equipment     1,689 2,053
Amortization of debt issuance costs and original issue discounts 100,622 151,759 424,431 471,146
Increase (decrease) in cash resulting from changes in:        
Accounts receivable (143,832) (279,494) 352,100 (749,094)
Inventory (62,043) 217,873 72,342 68,626
Prepaid expenses and other current assets 39,371 (18,114) (37,748) (68,029)
Other assets (5,659) (58,473) 9,811
Accounts payable and accrued expenses 5,059 52,790 178,419 (436,420)
Deferred revenue 39,980 35,697 107,108 13,299
Net cash flows from operating activities (1,346,177) (1,608,561) (5,820,043) (8,637,734)
Cash flows from investing activities:        
Purchases of property and equipment (77,649) (101,002) (76,883)
Net cash flows from investing activities (77,649) (101,002) (76,883)
Cash flows from financing activities:        
Payment of 2015 private placement financing costs (140,086)    
Net proceeds from equity private placements     3,833,052 4,879,134
Cash paid in lieu of issuing fractional shares in reverse split of common stock     (4,756)
Net cash flows from financing activities (140,086) 3,828,296 4,879,134
Net change in cash and cash equivalents (1,346,177) (1,826,296) (2,092,749) (3,835,483)
Cash and cash equivalents, beginning of period 3,315,774 5,408,523 5,408,523 9,244,006
Cash and cash equivalents, end of period 1,969,597 3,582,227 3,315,774 5,408,523
Cash paid for:        
Income taxes
Interest 146,611 223,500 $ 976,295 $ 223,500
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Transfer from inventory to property and equipment $ 91,405 $ 24,223