Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.3.1.900
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:    
Net loss $ (3,451,300) $ (874,600)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss from discontinued operations 1,800 900
Depreciation and amortization 1,400 2,200
Loss (Gain) on derivative liability valuation $ (11,300) 39,900
Valuation of warrants - investor relations 21,600
Stock based compensation $ 39,900 $ 62,500
Loss on extinguishment of debt 2,337,400
Financing expenses 499,500 $ 50,600
Changes in operating assets and liabilities:    
Accounts receivable 8,000 300
Prepaids and other 25,100 31,600
Accounts payable and accrued liabilities (63,800) (128,600)
Deferred compensation 5,800 (100)
Net cash used in operating activities (607,500) (793,700)
FINANCING ACTIVITIES:    
Repayment of a capital lease (800) $ (1,200)
Net proceeds from issuance of secured convertible debt 1,000,000
Net cash provided by (used in) financing activities 999,200 $ (1,200)
NET INCREASE (DECREASE) IN CASH 391,700 (794,900)
CASH - BEGINNING OF THE QUARTER 432,100 1,240,600
CASH - END OF THE QUARTER 823,800 445,700
Cash paid during the period for:    
Interest 800 900
Income taxes $ 300 $ 3,200