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 ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:    
Net loss for the period $ (3,975,363) $ (6,517,162)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (4,494) (603,309)
Depreciation and amortization 110,618 66,812
Fair value of vesting warrants and options 25,020 16,564
Common stock issued for employee compensation 253,595 879,183
Common stock issued for professional fees 537,833 1,280,550
Vesting of shares of common stock issued for services 225,917 47,850
Unrealized loss on trading securities (295,270) (1,314,931)
(Gain) loss on sale of trading securities 74,712 (971,257)
(Increase) decrease in accounts receivables 14,317 2,614
Decrease in inventory (2,729) (3,414)
(Increase) decrease in prepaid expenses 26,488 553
Increase in other assets 7,299
Increase (decrease) in accounts payable and accrued liabilities 78,157 84,702
Decrease in related party accounts payable (7,506) (270,000)
Net Cash Used in Operating Activities from Continuing Operations (2,564,753) (1,529,056)
Net Cash Used in Operating Activities from Discontinued Operations (4,494) (601,157)
Net Cash Used in Operating Activities (2,569,247) (2,130,213)
Cash Flows From Investing Activities:    
Purchase of licensing rights 210,000
Purchases of trading securities 510,000
Proceeds from sale of trading securities 283,255 2,576,667
Purchase of property and equipment 47,821 163,995
Purchase of intangible assets 20,202
Net Cash (Used in) Provided by Investing Activities (484,566) 2,392,470
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 (3,038,813) 262,257
Cash and cash equivalents at beginning of period 6,903,887 6,994,180
Cash and cash equivalents at end of period 3,865,074 7,256,437
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 for acquisition option 471,574
Common stock issued for acquisition of Franklin Networks, Inc. $ 1,700,000