Statements of Cash Flows - 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 |
$ (2,636,223)
|
$ (550,509)
|
$ (8,472,898)
|
$ (2,436,142)
|
| Adjustments to reconcile net (loss) to net cash (used in) operating activities: |
|
|
|
|
| Amortization of discount on notes payable |
119,549
|
26,146
|
107,016
|
67,363
|
| Depreciation |
3,542
|
1,097
|
10,174
|
1,799
|
| Common stock issued for services |
263,583
|
113,712
|
1,219,904
|
30,658
|
| Options issued for services |
670,767
|
47,009
|
1,273,393
|
59,473
|
| Warrants issued for services |
68,369
|
3,832
|
229,365
|
555,598
|
| Change in derivative liabilities |
222,857
|
(42,737)
|
2,236,401
|
753,240
|
| Imputed Interest expense |
|
2,290
|
|
8,316
|
| Changes in operating assets and liabilities |
|
|
|
|
| Accounts receivables |
16,426
|
$ (12,712)
|
(28,299)
|
$ (11,201)
|
| Notes receivable |
(130,000)
|
|
|
|
| Prepaid expense |
$ 4,310
|
$ (14,283)
|
209,370
|
|
| Deposit |
|
(33,152)
|
(30,953)
|
$ (2,550)
|
| Accounts payable and other liabilities |
$ 11,818
|
50,166
|
112,906
|
50,490
|
| Net Cash (Used in) Operating Activities |
(1,385,002)
|
(409,141)
|
(3,129,240)
|
(922,956)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
| Payments for equipment |
(15,704)
|
(9,896)
|
(69,035)
|
$ (14,667)
|
| Investment in Flowhub |
|
|
175,000
|
|
| Net Cash (Used in) Investing Activities |
(15,704)
|
(9,896)
|
$ (244,035)
|
$ (14,667)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
| Issuance of convertible debentures for cash |
1,420,000
|
|
|
269,100
|
| Issuance of common stock for cash, net of offering cost and warrants |
|
|
$ 3,075,577
|
729,900
|
| Proceeds from exercise of warrants |
3,000
|
$ 332,000
|
542,086
|
72
|
| Proceeds from exercise of options |
5,000
|
|
|
|
| Net Cash Provided by Financing Activities |
1,428,000
|
$ 332,000
|
3,617,663
|
999,072
|
| NET INCREASE IN CASH |
27,294
|
(87,037)
|
244,388
|
61,449
|
| CASH AT BEGINNING OF PERIOD |
386,316
|
$ 141,928
|
141,928
|
80,479
|
| CASH AT END OF YEAR |
413,610
|
|
386,316
|
141,928
|
| NON-CASH FINANCING ACTIVITIES |
|
|
|
|
| Convertible note issued in payment of liabilities |
$ 35,000
|
|
|
|
| Common stock issued upon conversion of debentures |
|
|
60,000
|
0
|
| Reclassification of derivative liabilities to equity |
|
|
3,336,109
|
3,336,109
|
| Common stock issued for services |
|
|
0
|
54,342
|
| Options issued for services |
|
|
0
|
142,345
|
| Preferred stock dividend |
|
|
$ 0
|
4,358
|
| Imputed Interest - APIC |
|
$ 2,290
|
|
$ 8,316
|