World surveillance group inc. (SNSR)
CashFlow / Quarterly
Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES IN CONTINUING OPERATIONS:
Net loss

-405,061

-880,587

-1,125,047

-1,014,091

-1,045,661

-807,813

-549,640

-1,856,096

-986,963

872,103

-1,391,897

-779,245

-228,523

-2,514,849

2,403,217

Adjustments to reconcile net loss to net cash used in operating activities in continuing operations:
Depreciation expense

45,750

45,480

46,020

-

45,750

45,750

45,750

-

-

-

-

-

-

-

-

Depreciation expense

-

-

-

-

-

-

-

-

45,750

45,750

45,750

-

-

-

-

Share-based compensation

1,527

3,633

502,127

306,524

314,841

21,947

21,284

596,035

3,498

674,810

605,470

263,168

378,543

415,538

52,331

Loss on conversion of debt

0

0

0

0

0

211,785

21,597

-

-

-

-

-

-

-

-

Fair value of vested options

-

-

-

-

-

-

-

-

-

-

107,695

-

-

-

-

Loss on conversion of debt

-

-

-

-

-

-

-

-

135,957

237,120

0

-

-

-

-

Fair value of vested options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30,670

Change in fair value of derivative liabilities

0

0

0

0

0

63

300

-307

6,518

68,113

50,733

470,491

957,110

-970,310

746,778

Loan interest capitalized to debt

108,042

100,654

107,456

92,719

109,555

125,199

105,230

105,521

105,522

104,375

104,660

105,811

105,810

102,688

105,483

Amortization of deferred financing costs

5,169

5,169

5,169

10,338

0

5,169

5,169

-

-

-

-

-

-

-

-

Shares issued as inducement to loan

-

-

0

0

0

0

34,400

-

-

-

-

-

-

-

-

Amortized deferred financing costs

-

-

-

-

-

-

-

-

5,169

5,168

3,446

-

-

-

-

Shares issued as inducement for loans

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Change in operating assets and liabilities:
Gain on extinguishment of liabilities to joint venture partner

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,474,753

Accounts receivable

12,047

43,042

-24,385

-190,634

38,649

-236,338

267,876

-32,576

-49,988

18,618

72,923

-

-

-

-

Accounts receivable from related party

17,063

-6,941

-6,790

39,474

-27,861

0

0

-

-

-

-

-

-

-

-

Inventories

-

-

-

-

-

-

-

0

0

0

-4,500

-

-

-

-

Prepaid expenses

0

0

0

-1,780

0

0

-7,194

-80,865

-4,221

3,366

25,705

-58,101

10,228

8,970

2,340

Deposits

0

0

0

0

0

0

-50,000

50,000

0

0

0

-

-

-

-

Accounts payable

-53,696

-58,850

132,353

389,101

128,217

-403,277

72,292

52,208

-21,420

512,532

-8,269

126,222

25,627

253,102

116,878

Other accrued liabilities

31,286

102,562

276,433

252,822

104,159

541,523

201,561

209,018

291,259

72,503

231,842

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-45,688

91,548

109,028

Deferred revenues

-

-

-

1,650

0

0

-7,500

-7,500

-7,500

-209,334

27,174

-

-

-

-

NET CASH USED BY OPERATING ACTIVITIES IN CONTINUING OPERATIONS

-119,016

-354,693

-20,157

218,267

-467,862

151,278

-260,839

118,154

-381,037

-214,290

-418,990

-152,350

-665,326

-512,278

-406,264

INVESTING ACTIVITIES:
Acquisition, net of cash acquired

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

NET CASH PROVIDED BY INVESTING ACTIVITIES IN CONTINUING OPERATIONS

-

325,000

0

-

-

0

0

0

0

0

0

1

3,351

-343,067

350

FINANCING ACTIVITIES:
Proceeds from notes payable

-

0

0

-

-

0

150,000

-

-

-

-

-

-

-

-

Proceeds from notes and loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200,000

Proceeds from sale of common stock

-

150,000

65,000

-

-

35,000

65,000

0

0

0

0

109,999

0

1,756,625

185,000

Proceeds from debenture, net of deferred financing costs

-

-

-

-

-

-

-

-

0

1

437,973

-

-

-

-

Proceeds from convertible debt, net of deferred financing costs

-

-

-

-

-

-

-

354,974

0

0

0

-

-

-

-

NET CASH PROVIDED BY FINANCING ACTIVITIES IN CONTINUING OPERATIONS

-

100,000

65,000

-

-

-75,000

215,000

-83,000

285,000

300,001

437,973

109,999

0

1,556,625

385,000

NET CASH PROVIDED BY CONTINUING OPERATIONS

-

70,307

44,843

-

-

76,278

-45,839

-

-

-

-

-

-

-

-

Net cash provided by operating activities in discontinued operations

-

-

2,536

-

-

-

158,350

-

-

-

-

-

-

-

-

NET CHANGE IN CASH

-

-

-

-

-

-

-

35,154

-96,037

85,711

18,983

-42,350

-661,975

701,280

-20,914

SUPPLEMENTAL INFORMATION:
Interest paid

-

0

0

-

-

3,668

0

0

0

0

0

38,519

0

0

0

SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Reclassification of long-term convertible notes payable to current notes payable

-

0

0

-

-

267,000

0

-

-

-

-

-

-

-

-

Common stock issued for services

-

119,999

39,240

-

-

55,250

75,000

-

-

-

-

-

-

-

-

Common stock issued for settlements

-

62,500

151,274

-

-

31,250

99,000

-

-

-

-

-

-

-

-

Common stock issued for services

-

-

-

-

-

-

-

-

0

150,000

124,979

-

-

-

-

Common stock issued for settlements

-

-

-

-

-

-

-

-

0

106,700

0

-

-

-

-

Common stock issued for acquisition

-

0

0

-

-

0

672,500

-

-

-

-

-

-

-

-

Options issued for services

-

-

22,006

-

-

-

0

-

-

-

-

-

-

-

-

LTAS acquisition payable

-

0

0

-

-

-110,000

250,000

-

-

-

-

-

-

-

-

Common stock issued for acquisition

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Common stock issued to settle liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

314,220

Common stock issued for accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

0

0

38,691

LTAS acquisition payable

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Stock options issued for accrued officers and directors bonuses

-

-

-

-

-

-

-

-

-

-

-

-

0

0

193,926