Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net loss for the period $ (813,383) $ (3,334,049)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain (Loss) on discontinued operations (4,494) 37,539
Depreciation and amortization 37,657 18,702
Common stock issued for employee compensation 199,512 803,875
Common stock issued for professional fees 52,500 $ 891,458
Vesting of shares of common stock issued for services 5,709
Unrealized (gain) loss on trading securities 100,202 $ (1,122,546)
(Gain) loss on sale of trading securities 49,262 (298,122)
(Increase) decrease in accounts receivables 19,852 $ (4,173)
Decrease in inventory (2,823)
Decrease in prepaid expenses (14,946) $ (1,565)
Increase in accounts payable and accrued liabilities 33,958 40,137
Decrease in related party accounts payable (7,506) (270,000)
Net Cash Used for Operating Activities from Continuing Operations (638,606) (461,010)
Net Cash Used for Operating Activities from Discontinued Operations (4,494) (8,420)
Net Cash Used in Operating Activities (643,100) $ (469,430)
Cash Flows From Investing Activities:    
Increase in capitalized licensing rights 10,000
Purchases of trading securities 510,000
Proceeds from sale of trading securities 189,467 $ 747,489
Purchase of property and equipment $ 40,510 20,173
Purchase of intangible assets 20,202
Net Cash (Used in) Provided by Investing Activities $ (371,043) $ 707,114
Cash Flows From Financing Activities:    
Net Cash Provided by Financing Activities
Net Change in Cash $ (1,014,143) $ 237,684
Cash and cash equivalents at beginning of period 6,903,887 6,994,180
Cash and cash equivalents at end of period $ 5,889,744 $ 7,231,864
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the period
Income taxes paid during the period
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued for acquisition of Franklin Networks, Inc. $ 1,700,000