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 ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:    
Net loss for the period $ (1,951,813) $ (4,925,641)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (4,494) (226,087)
Depreciation and amortization 75,745 41,984
Common stock issued for employee compensation 199,512 856,388
Common stock issued for professional fees 69,900 1,340,477
Vesting of shares of common stock issued for services 68,292
Unrealized loss on trading securities (84,393) (1,087,377)
(Gain) loss on sale of trading securities 74,410 (485,329)
(Increase) decrease in accounts receivables 14,792 (3,884)
Decrease in inventory (2,752)
(Increase) decrease in prepaid expenses 43,737 (736)
Increase (decrease) in accounts payable and accrued liabilities (25,450) 50,401
Decrease in related party accounts payable (7,506) (270,000)
Net Cash Used in Operating Activities from Continuing Operations (1,612,620) (1,102,978)
Net Cash Used in Operating Activities from Discontinued Operations (4,494) (379,984)
Net Cash Used in Operating Activities (1,617,114) (1,482,962)
Cash Flows From Investing Activities:    
Purchase of licensing rights 10,000
Purchases of trading securities 510,000
Proceeds from sale of trading securities 280,195 1,959,738
Purchase of property and equipment 47,958 142,090
Purchase of intangible assets 20,202
Net Cash (Used in) Provided by Investing Activities (287,763) 1,797,446
Cash Flows From Financing Activities:    
Proceeds from sale of common stock 15,000
Net Cash Provided by Financing Activities 15,000
Net increase (decrease) in Cash (1,889,877) 314,484
Cash and cash equivalents at beginning of period 6,903,887 6,994,180
Cash and cash equivalents at end of period 5,014,010 7,308,664
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 options granted 471,574
Common stock issued for acquisition of Franklin Networks, Inc. $ 1,700,000