Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (56,031,246) $ (4,800,292)
Adjustment to reconcile net loss to net cash used in operating activities:    
Loan default and standstill fee added to principal 326,244 0
Amortization of debt discounts 743,656 1,302,111
Share based compensation 2,872,156 766,442
Option expense 0 19,494
Loss on change in fair value of derivative liabilities 50,896,732 905,674
Changes in operating assets and liabilities:    
Accounts payable 111,616 145,161
Accrued expenses 442,262 684,534
Net Cash Used in Operating Activities (638,580) (976,876)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for construction in progress (1,370,370) (12,471)
Net Cash Used in Investing Activities (1,370,370) (12,471)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on debt 0 15,527
Borrowings on convertible debt, net of original issuance discounts 2,989,000 1,074,500
Borrowings on related party debt 50,000 29,017
Payments on related party debt (47,200) (49,322)
Payments on convertible debt (879,303) (79,250)
Payments on debt 0 (35,530)
Net Cash Provided by Financing Activities 2,112,497 954,942
NET CHANGE IN CASH AND CASH EQUIVALENTS 103,547 (34,405)
CASH AND CASH EQUIVALENTS - beginning of period 1,130 35,642
CASH AND CASH EQUIVALENTS - end of period 104,677 1,237
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 25,752 0
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued with debt 97,375 8,319
Interest expense capitalized to construction in progress 172,204 0
Reclassification of warrants as derivative liabilities 0 6,026
Resolution of derivative liabilities 0 1,599,990
Debt discounts due to derivative liabilities 2,970,258 647,514
Debt discount due to warrants issued with debt 0 400,000
Return of common shares 0 5
Forgiveness of related party accounts payable 0 262,652
Conversion of Debt and Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for conversion 50,000 1,430,539
Conversion of Accrued Liabilities [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for conversion $ 0 $ 1,539,826