Quarterly report pursuant to Section 13 or 15(d)

Supplemental Disclosure of Cash Flow Information

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Supplemental Disclosure of Cash Flow Information
9 Months Ended
Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]  
Supplemental Disclosure of Cash Flow Information

Note 10 – Supplemental Disclosure of Cash Flow Information

 

The supplemental cash flow information for the nine months ended September 30, 2017 and 2016 (unaudited) is as follows:

 

      Nine Months Ended September 30,  
      2017       2016  
Cash paid for interest   $ 1,106,835     $ 1,237,622  
Cash paid for income taxes   $ 506,313     $ -  
                 
Non-cash investing and financing activities:                
Services and severance settled through issuance of common stock   $ 161,003     $ 2,131,829  
Exchange of convertible debentures for convertible debentures and warrants   $ 10,734,336     $ -  
Series F Preferred Stock issued for business acquisition   $ 174,097     $ -  
Note payable and warrants settled through issuance of common stock   $ 440,000     $ -  
Convertible debenture issued in exchange of Series H Preferred Stock   $ 2,695,760     $ -  
Debentures converted into common stock   $ 4,064,162     $ -  
Deemed dividend for trigger of down round provision feature   $ 53,341,619     $ -