General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) $ 23,862,000 $ 4,652,000 $ (32,726,000) $ (23,489,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Depreciation 1,000 1,000 2,000 0
Amortization of intangible assets 0 0 0 22,000
Stock compensation expense for options and warrants issued to employees and non-employees 5,812,000 1,820,000 3,761,000 2,630,000
Note Allonges     3,667,000 0
Amortization of debt discounts 1,625,000 1,732,000 2,494,000 2,759,000
Non-cash interest expense 1,697,000 7,717,000 9,840,000 2,764,000
Change in value of warrant and derivative liabilities (37,195,000) (20,683,000) 7,400,000 13,962,000
Note Settlement     0 (176,000)
Changes in operating assets and liabilities:        
Accounts receivable 0 0    
Inventory     0 42,000
Other assets 0 25,000 25,000 13,000
Accounts payable and accrued expenses 2,403,000 1,023,000 880,000 (276,000)
Net cash used in operating activities (1,795,000) (3,713,000) (4,657,000) (1,749,000)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisition of fixed assets     (1,000) (6,000)
Net cash used by investing activities     (1,000) (6,000)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from notes payable 1,902,000 2,900,000 3,850,000 2,589,000
Repayment of note payable 0 0 0 (6,000)
Net cash provided by financing activities 1,902,000 2,900,000 3,850,000 2,583,000
Minority Interest 0 0 0 (16,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 107,000 (813,000) (808,000) 812,000
CASH AND CASH EQUIVALENTS - Beginning of period 47,000 855,000 855,000 43,000
CASH AND CASH EQUIVALENTS - End of period 154,000 42,000 $ 47,000 $ 855,000
Supplemental Disclosures:        
Interest paid 0 0    
Income taxes paid 0 0    
Supplemental non-cash activities        
Common stock issued upon conversion of convertible notes 1,794,000 0    
Common stock issued upon conversion of accrued interest and penalty $ 346,000 $ 247,000