Quarterly report pursuant to Section 13 or 15(d)

Supplemental Cash Flow Information

v2.4.0.8
Supplemental Cash Flow Information
 3 Months Ended
Mar. 31, 2014
Notes  
Supplemental Cash Flow Information

11.  SUPPLEMENTAL CASH FLOW INFORMATION:

 

 

Three Months ended

March 31,

For the period

from March 29,

2011 (date of

inception)

through

March 31,

 

2014

2013

2014

Cash paid for interest

$

39,116

$

15,889

$

487,345

Cash paid for income taxes

$

-

$

-

$

200

Series C Dividend payable in current liabilities

$

17,574

$

79,073

$

17,574

Series D Dividend payable in current liabilities

$

45,665

$

-

$

45,665

 

 

 

 

 

 

 

Non-Cash investing and financing transactions

 

 

 

 

 

 

Repayment of senior secured notes payable with issuance of Series D preferred shares

$

-

$

-

$

749,982

Financing the purchase of equipment under a 5 year loan agreement

$

-

$

-

$

83,507

Beneficial conversion feature on warrants issued in conjunction with Series D preferred shares

$

13,347

$

-

$

190,076

Shares issued in acquisition of Dr. Pave

$

175,000

$

-

$

175,000