Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 9 Months Ended 18 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (185,089) $ (3,066,156) $ (3,349,544)
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation expense 0 25,872 27,686
Interest expense converted to common stock 0 3,555 3,555
Shares issued for services 0 2,019,357 2,019,357
Amortization of debt discount 0 48,578 48,578
Change in derivative liabilities 0 (95,925) (95,925)
Changes in operating assets and liabilities:      
Accounts receivable 0 (84,156) (99,266)
Inventory (9,932) (79,608) (87,181)
Prepaid expenses and other current assets 0 (2,669) (2,669)
Accounts payable 43,077 123,256 136,397
Accounts payable - related party 7,900 (490) (490)
Accrued expenses 0 18,474 25,189
Net cash used in operating activities (144,044) (1,089,912) (1,374,313)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of fixed assets (66,524) (264,230) (304,127)
Deposits 0 (210,000) (225,000)
Net cash used in investing activities (66,524) (474,230) (529,127)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from notes payable 0 75,000 225,000
Proceeds from sale of common stock 0 1,025,000 1,025,000
Proceeds from sale of manadatory redeemable preferred stock, net 0 422,000 422,000
Shareholder contribution 217,738 0 264,575
Shareholder distribution (7,170) 0 (10,670)
Net cash provided by financing activities 210,568 1,522,000 1,925,905
NET CHANGE IN CASH 0 (42,142) 22,465
CASH AT BEGINNING OF PERIOD 0 64,607 0
CASH AT END OF PERIOD 0 22,465 22,465
SUPPLEMENTAL INFORMATION:      
Interest paid 0 0 0
Income taxes paid 0 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Debt converted to common stock $ 0 $ 229,870 $ 0