| Feb'12 | Nov'11 | Aug'11 | Feb'11 | Nov'10 | Aug'10 |
|---|---|---|---|---|---|
Net loss | |||||
-3,150,505 | -1,083,500 | -1,326,674 | -400,286 | -177,781 | -46,231 |
Depreciation | |||||
4,399 | - | - | 1,786 | - | - |
Depreciation | |||||
- | 1,565 | 1,270 | - | 0 | 0 |
Stock issued for compensation | |||||
272,273 | - | - | 0 | - | - |
Stock issued for services | |||||
254,702 | - | - | 0 | - | - |
Stock option amortization | |||||
649,106 | - | - | 0 | - | - |
Stock issued for interest expense | |||||
46,477 | - | - | 0 | - | - |
Stock based consulting expense | |||||
- | - | 545,642 | - | - | 0 |
Stock based employee compensation | |||||
- | - | 87,500 | - | - | 0 |
Accounts receivable | |||||
-31,839 | -6,919 | -1,434 | 0 | 0 | 0 |
Prepaid expenses | |||||
-19,135 | - | - | 0 | - | - |
Prepaid expenses | |||||
- | - | -69,988 | - | - | 0 |
Inventory | |||||
-20,571 | 6,994 | -29,127 | -57,657 | -11,228 | 0 |
Other assets | |||||
-1,819 | - | - | 0 | - | - |
Accounts payable | |||||
184,260 | - | - | 167,574 | - | - |
Accrued expenses | |||||
130,668 | 58,160 | 7,473 | 15,900 | 11,607 | 0 |
Net cash used in operating activities | |||||
-1,681,984 | -644,837 | -732,394 | -272,684 | -174,512 | -46,231 |
Repayment of notes receivable, related party | |||||
-86,014 | - | - | -79,109 | - | - |
Proceeds for notes receivable, related party | |||||
- | - | -78,070 | - | - | 1,002 |
Purchase of equipment | |||||
-9,137 | -3,273 | -5,864 | -169,881 | -25,000 | 0 |
Net cash used in investing activities | |||||
-95,151 | -7,431 | -83,934 | -248,990 | -96,333 | 1,002 |
Bank overdraft | |||||
17,903 | -15,185 | 17,366 | 3,300 | 0 | 0 |
Proceeds from loans payable | |||||
126,000 | - | - | 126,000 | - | - |
Proceeds from loans payable | |||||
- | - | 0 | - | - | 44,000 |
Repayment of loans payable | |||||
-146,001 | -67,888 | -20,000 | -11,323 | -5,000 | 0 |
Proceeds from loans payable, related party | |||||
751,000 | - | - | 473,659 | - | - |
Proceeds from loans payable, related party | |||||
- | - | 262,113 | - | - | 23,340 |
Repayment of loans payable, related party | |||||
-588,767 | -147,414 | -150,151 | -72,213 | -28,246 | -23,165 |
Member investment | |||||
0 | - | - | 88 | - | - |
Stock to be issued for cash | |||||
12,000 | - | - | 0 | - | - |
Payment for cancelation of shares | |||||
-30,000 | - | - | 0 | - | - |
Proceeds from issuance of common stock | |||||
1,635,000 | 165,000 | 707,000 | 0 | 88 | 0 |
Net cash provided by financing activities | |||||
1,777,135 | 652,268 | 816,328 | 519,512 | 302,303 | 44,175 |
Net increase (decrease) in cash | |||||
0 | 0 | 0 | -2,162 | 31,457 | -1,054 |
Taxes | |||||
0 | - | - | 0 | - | - |
Deemed distributions to shareholders | |||||
749,520 | 0 | 749,520 | 0 | - | - |
Non cash increase in prepaid expenses | |||||
-430,747 | - | - | 0 | - | - |
Shares issued as repayment of convertible notes | |||||
574,240 | - | - | 0 | - | - |
Non cash increase of prepaid | |||||
- | - | -196,552 | - | - | - |