Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net loss $ (984,667) $ (1,150,882)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 108,500 220,350
Amortization of debt issuance costs 66,648 35,219
Depreciation 0 4,280
Change in:    
Accounts receivable 0 13,028
Prepaid expenses and other assets (14,255) (13,312)
Accounts payable and accrued liabilities 249,724 84,017
Net cash used in operating activities (574,050) (807,300)
Cash Flows from Financing Activities    
Proceeds from stock and warrant sales, exercise of warrants and warrant exercise advances 464,310 621,810
Proceeds from issuance of debentures, notes and options 220,500 202,500
Cash paid on debentures (115,680) 0
Net cash provided by financing activities 569,130 824,310
Net change in cash (4,920) 17,010
Cash, beginning of period 70,769 1,350
Cash, end of period 65,849 18,360
Non-Cash Investing and Financing Activities    
Conversion of debentures to common stock (net) 256,062 490,150
Cash paid for interest 2,625 17,832
Stock issued to satisfy payables (8,734) 31,500
Debenture issued to satisfy payable $ 0 $ 197,631