Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Loss $ (26,918,890) $ (9,225,580) $ (21,889,212)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
(Gain) Loss on Fair Market Valuation of Derivatives (1,844,500) 1,800,100 1,912,037
Gain (Loss) on Fair Market Valuation of Derivatives (1,844,500) 1,800,100 1,912,037
Loss on Extinguishment of Debt 5,382,813 619,444
Amortization of Debt Discount 1,414,202 696,180
Deferred Tax Expense 44,000
Depreciation and Amortization 2,536,413 645,294 438,783
Warrants Issued With Common Stock and Debt 467,066 1,148,069 5,038,986
Stock Issued for Interest Expense 396,555
Stock Issued for Compensation 3,177,659 680,630 3,027,647
Stock Issued for Director Fees 334,424
Stock Issued for Services 2,406,061 1,010,112 3,714,553
Stock Option Expense 190,355
Equity Instruments Issued With Debt Greater Than Debt Carrying Amount 1,487,500 561,000 4,808,000
Change in Accounts Receivable Reserve (168,619) 153,660 18,140
Changes in Operating Assets and Liabilities:      
Accounts Receivable 162,671 (478,041) (393,700)
Prepaid Expenses (32,274) (65,030) (81,343)
Inventory (797,596) (279,268) (670,180)
Note Receivable 173,754
Deposits (133) 50 5,422
Accounts Payable and Accrued Expenses 65,530 1,164,308 (528,723)
Income Tax Payable (254,100)
Net Cash Used in Operations (9,517,012) (5,125,272) (7,853,355)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash Assumed in Acquisition 163,566
Purchase of Property and Equipment (4,316,094) (1,851,045) (2,337,370)
Purchase of Intangible Assets - Domain Names (75,000) (12,440)
Net Cash Used in Investing Activities (4,227,528) (1,851,045) (2,349,810)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Issuance of Notes Payable 17,479,335 2,150,000 7,344,737
Proceeds from Issuance of Notes Payable to Related Parties 27,500
Payments on Notes Payable (1,000,000) (303,474)
Payments on Notes Payable to Related Parties (130,000)
Proceeds from Issuance of Common Stock 4,058,134 3,975,888 4,014,919
Proceeds from Issuance of Common Stock from the Exercise of Warrants 3,150,000 293,420
Short swing profit payment 67,100
Payments By Subsidiaries for Non-Controlling Interest (1,066,631) (181,295) (291,330)
Cash Contribution from Non-Controlling Interest 455,192 603,156
Net Cash Provided by Financing Activities 23,076,030 6,547,749 11,022,872
NET CHANGE IN CASH AND CASH EQUIVALENTS 9,331,490 (428,568) 819,707
Cash and Cash Equivalents at Beginning of Period 418,082 846,650 26,943
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,749,572 418,082 846,650
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:      
Cash Paid for Interest 13,500 4,500 285,371
Cash Paid for Income Taxes 400,000
SUPPLEMENTAL DISCLOSURE FOR FINANCING ACTIVITIES:      
Warrant Expense 142,766    
Issuance of Common Stock for Debt and Interest Expense $ 13,558,388 $ 5,773,320 $ 3,654,026