Cash flows from operating activities: | |
Net (loss) income | -1.69M |
Depreciation and amortization | 1.6M |
Provision for bad debts | 0 |
Share of net loss from investment under equity method | |
Loss on sale of assets | |
Stock issued for interest on notes payable | |
Stock issued for services | 21.8K |
Fair market value of warrants and stock options granted | |
Beneficial conversion feature | |
Changes in operating assets and liabilities: | |
Increase/ decrease in accounts receivable | 2.34M |
Increase/ decrease in other current assets | |
Increase/ decrease in accounts payable and accrued expenses | -780.57K |
Net cash provided by (used in) operating activities | -217.53K |
Cash flows from investing activities: | |
Purchases of property and equipment | -554.87K |
Sales of property and equipment | 151.82K |
Purchase of non-controlling interest in subsidiary | |
Short-term investments held for sale | |
Investment under equity method | |
Increase in intangible assets | |
Net cash used in investing activities | -958.61K |
Cash flows from financing activities: | |
Proceeds from sale of common stock | |
Proceeds from the exercise of stock options and warrants | 14.01K |
Proceeds from convertible notes payable | |
Payments on convertible notes payable | |
Restricted cash | |
Bank overdraft | |
Proceeds from bank loans | 0 |
Payments on bank loans | |
Payments on capital lease obligations & loans - net | -49.12K |
Net cash provided by financing activities | 241.76K |
Effect of exchange rate changes in cash | 533.29K |
Net increase in cash and cash equivalents | -401.09K |
Cash and cash equivalents, beginning of year | 11.56M |
Cash and cash equivalents, end of year | 11.16M |
SUPPLEMENTAL DISCLOSURES: | |
Interest | 83.67K |
Taxes | |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | |
Stock issued for the conversion of Notes Payable |