Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (39,473,878) $ (33,182,807)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
(Gain) Loss on Fair Market Valuation of Derivatives 3,494,550
(Gain) Loss on Fair Market Valuation of Contingent Consideration 4,426,047
Loss on Joint Venture 662,222
Cancellation of Shares Issued (117,835)
Loss on Extinguishment of Debt 7,144,288
Gain on Sale of Assets (5,644,120)
Interest Expense 12,081,765 2,138,762
Interest income capitalized to notes receivable (155,784) (49,911)
Depreciation and Amortization 4,981,237 3,647,216
Stock Issued for Compensation 603,117 1,526,286
Stock Issued for Director Fees 99,991 221,973
Stock Issued for Services 225,429 1,284,562
Stock Option Compensation 2,527,982 692,971
Impairment of Property 77,556 138,037
Impairment of Intangibles 757,467
Gain on Settlement of Contingent Consideration (4,991,571)
Warrants Issued with Common Stock and Debt 211,534
Changes in Operating Assets and Liabilities:    
Accounts Receivable (287,137) (211,906)
Inventory 3,480,282 (3,736,910)
Prepaid Expenses and Other Current Assets (73,083) 1,572,532
Other Assets (321,247) (3,999,489)
Accounts Payable and Accrued Expenses 1,456,732 3,662,710
Income Taxes Payable (615,830)
NET CASH USED IN OPERATING ACTIVITIES (19,876,772) (15,869,489)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash Paid for Acquisition, Net of Cash Acquired (4,113,779)
Purchase of Equity Investments (7,765,902)
Proceeds from sale of PP&E 5,644,120
Issuance of Note Receivable (4,960,232)
Purchase of Property, Equipment and Leasehold Improvements (14,409,226) (6,194,438)
NET CASH USED IN INVESTING ACTIVITIES (16,531,008) (15,268,449)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 33,650,000 20,000,000
Cash Paid for Debt Discount (1,195,410)
Debt Issuance Cost (614,600)
Proceeds from Issuance of Common Stock, Warrants and Common Stock Subscribed 5,600,000 9,450,000
Proceeds from Exercise of Warrants 101,000
Payment of Contingent Consideration (2,088,000)
Cash Contribution from Non-Controlling Interest 86,548
NET CASH PROVIDED BY FINANCING ACTIVITIES 38,155,590 26,833,948
NET CHANGE IN CASH 1,747,810 (4,303,990)
Cash at Beginning of Period 5,445,582 9,749,572
CASH AT END OF PERIOD 7,193,392 5,445,582
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest
Cash Paid for Income Taxes 268,375
Warrant Expense
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of Contingent Consideration 4,739,638
Issuance of Stock for Purchase of Non-Controlling Interest 207,492
Purchase of land and building with a mortgage 6,500,000 4,500,000
Gain on Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital 4,692,697
Fair Value of Debt Discount and Derivative Liability Recorded 13,073,400
Conversion of Dominion Debt & Adoption of ASU 2017-11 34,697,363 29,785,271
Fair Value of Shares Issued for Acquisition 2,726,146
Fair Value of Shares Issued for Production Operating Agreement 1,935,500
Fair Value of Shares Issued for Assets 200,000
Warrants Issued for Debt Discount 817,537 478,008
Conversion of Series B Preferred Stock to Common Stock 33,146
Share of Loss on Joint Venture 662,222  
Beneficial Conversion Feature 9,014,875  
Deposits Applied to the purchase of property 3,500,000  
Reclass of Non-Controlling Interest to Additional Paid-In Capital for the Acquisition of Additional Interest in Subsidiary 1,830,924
Claw Back of Escrow Shares From The Tech Center Drive Asset Acquisition $ 351,072