Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (10,111,988) $ (4,126,064)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Loss (Gain) on Fair Market Valuation of Derivatives (1,610,750) 1,160,700
Loss on Fair Market Valuation of Contingent Consideration 4,348,761
Loss on Extinguishment of Debt 1,039,458 920,797
Amortization of Debt Discount 610,616 94,406
Depreciation and Amortization 892,598 161,349
Warrants Issued With Common Stock and Debt 107,035
Stock Issued for Interest Expense 129,639
Stock Issued for Compensation 1,061,506
Stock Issued for Director Fees 37,500
Stock Issued for Services 145,011 60,550
Stock Option Expense 47,589 47,589
Change in Allowance for Doubtful Accounts (6,659)
Changes in Operating Assets and Liabilities:    
Accounts Receivable 328,510 (55,413)
Inventory (208,527) (310,991)
Prepaid Expenses (1,155,891) 127,862
Other Assets (228,795) 3,892
Accounts Payable and Accrued Expenses 1,274,929 265,177
NET CASH USED IN OPERATING ACTIVITIES (3,292,799) (1,656,805)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Property, Equipment and Leasehold Improvements (523,740) (770,203)
Purchase of Intangible Assets – Domain Names (50,000)
NET CASH USED IN INVESTING ACTIVITIES (523,740) (820,203)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 3,000,000
Proceeds from Issuance of Common Stock 1,700,000 3,208,134
Net Loss Attributable to Non-Controlling Interest (461,167) (18,208)
Cash Contribution from Non-Controlling Interest 80,834
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,319,667 3,189,926
NET CHANGE IN CASH 503,128 712,918
Cash at Beginning of Period 9,749,572 418,082
CASH AT END OF PERIOD 10,252,700 1,131,000
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 9,000
SUPPLEMENTAL DISCLOSURE FOR FINANCING ACTIVITIES:    
Derivative Debt Converted into Equity 2,770,650
Issuance of Common Stock for Debt and Interest Expense $ 3,688,963