| Jun'15 | Dec'13 | Dec'12 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net Loss | ||||||
-4,132,834 | -842,356 | -201,174 | ||||
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: | ||||||
Depreciation | ||||||
120,431 | 7,985 | - | ||||
Bad debts | ||||||
9,609 | 0 | - | ||||
Amortization and Depreciation | ||||||
- | - | 1,329 | ||||
Stock based compensation | ||||||
2,132,803 | 0 | 0 | ||||
Loss on impairment of intangible asset | ||||||
657,693 | 0 | - | ||||
Changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
63,826 | 0 | - | ||||
Inventory | ||||||
-68,899 | 45,519 | 87,370 | ||||
Prepaid expenses and other current assets | ||||||
-13,189 | 3,409 | 6,619 | ||||
Deposit | ||||||
0 | 0 | 0 | ||||
Accounts payable and accrued liabilities | ||||||
377,411 | 33,302 | 0 | ||||
Net cash used in operating activities | ||||||
-816,625 | -849,997 | -293,834 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Capitalized cost of trademark | ||||||
- | - | -1,601 | ||||
Purchase of property and equipment | ||||||
46,329 | 23,567 | 17,257 | ||||
Net cash used in investing activities | ||||||
-46,329 | -23,567 | -18,858 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from notes payable | ||||||
413,539 | 0 | 0 | ||||
Proceeds from loans payable - related party | ||||||
50,000 | 0 | - | ||||
Proceeds from related party advances | ||||||
95,500 | 0 | 328,785 | ||||
Payments made for related party advances | ||||||
3,000 | 0 | - | ||||
Proceeds from related party equity contributions | ||||||
0 | 872,476 | 1 | ||||
Proceeds from issuance of common stock | ||||||
292,467 | 0 | - | ||||
Net cash provided by financing activities | ||||||
848,506 | 872,476 | 328,786 | ||||
Net decrease in cash | ||||||
-14,448 | -1,088 | 16,094 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOWINFORMATION: | ||||||
Cash Paid for Interest | ||||||
0 | 0 | 0 | ||||
Cash Paid for Income Taxes | ||||||
0 | 0 | 0 | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Contributed capital in connection with the forgiveness of related party advances | ||||||
0 | 1,201,261 | 0 | ||||
Issued a note payable to settle accounts payable | ||||||
20,000 | 0 | - | ||||
Issuance of common stock in connection with asset purchase agreement | ||||||
767,250 | 0 | - | ||||
Acquisition of inventory in connection with asset purchase agreement | ||||||
8,373 | 0 | - | ||||