Annual report pursuant to section 13 and 15(d)

Consolidated Statement of Cash Flows

v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
4 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2012
Cash Flows From Operating Activities    
Net loss $ (526,036) $ (1,914,551)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 15,873 37,034
Fair value of equity issued for services 74,892 243,932
Gain from disposition of license agreement 0 (96,347)
Fair value of shares issued with notes payable 3,917 1,525
Acquisition expense 0 155,000
Changes in operating assets and liabilities:    
Account receivable 0 4,954
Prepaid expenses 0 (14,000)
Accounts payable and accrued expenses 275,798 1,297,562
Net Cash Used in Operating Activities (155,556) (284,891)
Cash Flows From Investing Activities    
Purchase of automobile 0 (64,458)
Cash paid for acquisition of HPA, net of cash received 0 53,048
Net Cash Used in Investing Activities 0 (11,410)
Cash Flows From Financing Activities    
Sale of common stock 0 175,000
Proceeds from the issuance of notes payable 175,000 114,458
Payment for notes payable 0 (1,801)
Payment for P3D note (10,000) 0
Net Cash Provided by Financing Activities 165,000 287,657
Net Increase (Decrease) in Cash 9,444 (8,644)
Cash, Beginning of Period   9,444
Cash, End of Period 9,444 800
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Noncash investing and financing activities: 0 0
Shares issued for HPA assets 0 60,166
Acquisition of license agreement with note payable $ 1,000,000 $ 0