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 ($)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (39,837) $ (7,880,227)
Reconciliation of net loss to net cash used in operating activities    
Depreciation   22,704
Amortization of intellectual property   $ 53,634
Fair value of common stock issued as reimbursement for expenses paid by founders $ 39,837  
Stock based compensation   $ 81,601
Change in fair value of derivative liabilities   5,499,318
Amortization of debt discount   454,705
Changes in operating assets and liabilities    
Inventory   (137,500)
Prepaid expenses and other assets   (154,314)
Accounts payable   136,555
Accrued expenses   228,721
Net cash used in operating activities   (1,694,803)
Cash flows from investing activities    
Capital expenditures for fixed assets   (1,204,911)
Capital expenditures for intellectual property   (6,040)
Net cash used in investing activities   (1,210,951)
Net decrease in cash and cash equivalents   (2,905,754)
Cash and cash equivalents at beginning of period   4,536,601
Cash and cash equivalents at end of period   1,630,847
Suplemental disclosure of cash flow information:    
Cash paid for interest   813
Cash paid for taxes   $ 2,400
Non-cash financing activities    
Fair value of common stock issued to founders of expenses prior to inception $ 39,837  
Total non-cash financing activities $ 39,837