Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

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Condensed Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOW FROM OPERATING ACTIVITES:    
Net Loss for the Period $ (7,506,403) $ (791,709)
Adjustments to reconcile net loss to net cash used by operating activities:    
Shares issued for services and rent 22,350 207,300
Depreciation 30,283 29,476
Deferred compensation 101,982 $ 43,530
License fees paid with warrants 6,501,715  
Consulting paid with options 8,406  
Gain on extinguishment of debt (2,788)
Loss on conversion of debt 226,811
Loss on disposal of fixed assets $ 17,034
Interest expense on shareholder loan $ 1,423
Amortization of debt discount $ 50,029
Gain on derivative liability (47,022)
Changes in Operating Assets and Liabilities:    
Accounts receivable (101,137)
Prepaids & other assets (4,933) $ (25,006)
Inventory (535,443) (104,034)
Accounts payable 376,121 (318)
Accrued expenses 187,186 294,866
Net Cash (Used) in Operating Activities $ (675,809) (344,472)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (59,954)
Net Cash Used by Investing Activities (59,954)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of common stock 75,000
Advances from officers $ 5,000 10,400
Repayment of officer advance (4,100) (32,900)
Proceeds from notes payable 776,199 376,847
Payments on notes payable (99,864) (32,464)
Net Cash Provided by Financing Activities 677,235 396,883
Net Increase (decrease) in Cash 1,426 (7,543)
Cash at Beginning of Period 196 8,398
Cash at End of Period 1,622 855
Cash paid during the year for:    
Interest $ 21,724 $ 107
Franchise and income taxes
Supplemental disclosure of non-cash activities:    
Conversion of convertible debt $ 298,000 $ 181,359
Issuance of stock options 195,885
Stock issued for conversion of debt 127,938
Forgiveness of related party debt $ 149,970