Supplemental Disclosure of Cash Flow Information

3 Months Ended

Mar. 31, 2018

Note 11 – Supplemental Disclosure of Cash Flow Information

The supplemental cash flow information for the three months ended March 31, 2018 and 2017 (unaudited) is as follows:

	Three Months Ended March 31,
	2018		2017
Cash paid for interest	$	24,791	$	881,457
Cash paid for income taxes	$	-	$	296,313

Non-cash investing and financing activities:
Exchange of I-2 preferred stock for convertible debentures	$	1,384,556	$	2,695,760
Exchange of convertible debentures for convertible debentures and warrants	$	-	$	2,464,500
Note payable and warrants settled through issuance of common stock	$	-	$	440,000
Debentures converted into common stock	$	3,056,675	$	486,032
Conversions of preferred stock into common stock	$	-	$	6,280,000
Common stock issued in cashless excercise of warrants	$	756,000	$	-