Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net Income (Loss) $ (812,248) $ (2,262,815)
Noncash Expenses:    
Amortization 1,154 1,154
Depreciation 81,343 3,073
Stock Compensation 257,000 351,400
Warrant Expense 0 1,283,333
Change in assets and liabilities:    
(Increase) Decrease in Accounts Receivable (5,351) 235,813
(Decrease) in Allowance for Doubtful Accounts (4,884) 0
(Increase) in Inventory (19,928) (17,296)
Decrease in Prepaid Assets (5,924) (3,570)
(Decrease) in Accounts Payable (214,023) (65,054)
Increase In Accrued Expenses 4,575 10,499
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (718,286) (463,463)
INVESTING ACTIVITIES    
Purchase of Furniture and Equipment (18,118) 0
Purchase of Intangible Assets (1,347) (872)
NET CASH (USED) BY INVESTING ACTIVITIES (19,465) (872)
FINANCING ACTIVITIES    
Proceeds from Sale of Stock Subscriptions 0 4,000,000
Stock Offering Costs 0 (206,698)
NET CASH PROVIDED BY FINANCING ACTIVITIES 0 3,793,302
NET CASH INCREASE (DECREASE) FOR PERIOD (737,751) 3,328,967
CASH AT BEGINNING OF PERIOD 2,962,069 992,448
CASH AT END OF PERIOD 2,224,318 4,321,415
Supplemental Disclosure for Cash Flow Information Cash paid during the period for:    
Interest 0 0
Income Taxes $ 0 $ 0