Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net Loss $ (418,750) $ (477,131)
Net loss from discontinued operations (12,820) (347,221)
Net loss from continued operations (405,930) (129,910)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on settlement of liabilities   (270,323)
Share-based compensation 26,705 87,279
Depreciation and amortization 62,096 65,210
Amortization of debt discount   18,250
Change in fair value of derivative liability 0 (8,000)
Changes in operating assets and liabilities:    
Accounts receivable   200,384
Inventory 623 (843)
Other current assets (4,460) (38,240)
Accounts payable and accrued expenses 150,185 1,024
Other noncurrent assets 140,263 (72,235)
Net Cash Used in Operating Activities (30,518) (147,404)
Cash Flows of discontinued operations:    
Operating cash flows (152,677) 44,827
Investing cash flows   (75,996)
Financing cash flows (including cash at year end)   127,000
Net Cash flows from discontinued operations (152,677) 95,831
Effect of exchange rate changes on cash (2,605) 4,037
Net change in Cash and Cash Equivalents (185,800) (47,536)
Cash and Cash Equivalents at Beginning of Period 251,975 238,485
Cash and Cash Equivalents at End of Period 66,175 190,949
Cash and Cash Equivalents for discontinued operations 63,919 156,245
Cash and Cash Equivalents at End of Period to continuing operations $ 2,256 $ 34,704
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest
Cash paid for income tax $ 1,600  
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest   $ 669,486
Estimated fair value of derivative liability   $ 73,000