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, 2015
Dec. 31, 2014
Operating Activities    
Net Loss $ (9,018,352) $ (2,395,284)
Net loss from discontinued operations (7,444,940) (1,778,536)
Net loss from continued operations (1,573,412) (616,748)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain 28 0
Gain on settlement of liabilities (376,157) (58,978)
Share-based compensation 133,172 57,127
Write down of long lived assets 438,320 0
Loss on disposal of fixed assets 0 23,957
Depreciation and amortization 312,085 454,350
Changes in operating assets and liabilities:    
Accounts receivable 1,012,977 (174,720)
Inventory 1,239 5,273
Other current assets (15,665) 1,157
Accounts payable and accrued expenses 341,741 (28,651)
Other noncurrent assets 5,760 512,201
Net Cash Used in Operating Activities $ 280,088 $ 174,968
Investing Activities    
Proceeds from sale of property and equipment
Net Cash Provided by (Used in) Investing Activities
Financing Activities    
Proceeds from notes payable $ 0 $ 130,000
Payments on capital leases and notes payable 0 (38,911)
Net Cash Provided by Financing Activities 0 91,089
Cash Flows of discontinued operations:    
Operating cash flows (1,910,841) (350,485)
Investing cash flows 6,416,913 (436,122)
Financing cash flows (including cash at year end) (4,907,060) 672,435
Net Cash flows from discontinued operations (400,988) (114,172)
Effect of exchange rate changes on cash (35,940) (1,972)
Net change in Cash and Cash Equivalents (156,840) 149,913
Cash and Cash Equivalents at Beginning of Period 191,544 41,631
Cash and Cash Equivalents at End of Period 34,704 191,544
Cash and Cash Equivalents for discontinued operations 217,271 46,941
Cash and Cash Equivalents at End of Period 251,975 238,485
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 18,550 0
Cash paid for income tax 5,345 1,029
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 2,658,350 1,977,862
Accrued return on noncontrolling interest forgiven by partner 12,140,304 0
Write Down of debt and release of Fixed Assets 0 190,500
Estimated fair value of derivative liability 106,000 0
Accrued Interest forgiven by Joint Venture lender 4,733,963 0
Issuance of stock for compensation $ 11,090 $ 0