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

Condensed Consolidated Statements of Cash Flows

v3.6.0.2
Condensed 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 used in operating activities:        
Net loss $ (7,628,000) $ (8,601,000) $ (13,107,000) $ (10,534,000)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 398,000 276,000 402,000 233,000
Impairment of fixed assets 318,000    
Amortization of debt discount and deferred financing fees 2,483,000 1,921,000 2,247,000 720,000
(Gain) loss on revaluation of derivative liabilities (3,124,000) 33,000 198,000 (1,574,000)
Stock-based compensation 1,027,000 1,113,000 1,485,000 3,460,000
Loss on modification of convertible debt 1,429,000    
Loss on exchange of warrants for common stock 279,000 279,000
Loss on debt conversion     2,414,000
Loss on extinguishment of senior notes     707,000
Provision for contract loss     600,000
Provision for bad debt expense     50,000
Warranty expense     220,000
Warrants issued for services     180,000
Common stock and warrants issued for legal settlement     246,000
Changes in assets and liabilities:        
Accounts and other receivables (57,000) 3,000 57,000 (91,000)
Restricted cash 150,000 (275,000) (150,000)
Inventory (1,791,000) (80,000) (694,000) (24,000)
Prepaid expenses and other current assets (136,000) (36,000) (202,000) (45,000)
Deferred revenue 949,000 808,000 2,847,000 (701,000)
Accounts payable and other current liabilities 559,000 13,000 914,000 214,000
Costs in excess of billings on uncompleted contracts     (801,000)
Deposit     1,000
Accrued interest     50,000 20,000
Payments on contract loss     (79,000)
Net cash used in operating activities (5,423,000) (4,546,000) (4,317,000) (4,539,000)
Cash flows used in investing activities:        
Purchases of property and equipment (655,000) (1,830,000) (3,057,000) (188,000)
Net cash used in investing activities (655,000) (1,830,000) (3,057,000) (188,000)
Cash flows from financing activities:        
Proceeds from issuance of common stock, net 2,883,000 741,000 3,125,000 3,844,000
Proceeds from note payable, net 1,230,000 4,669,000 5,000,000 3,757,000
Repayment of capital leases payable (20,000) (13,000) (19,000) (16,000)
Offering costs - convertible notes payable     (303,000)
Payments on convertible notes payable     (19,000) (1,883,000)
Net cash provided by financing activities 4,093,000 5,397,000 7,803,000 5,702,000
Net increase (decrease) in cash and cash equivalents (1,985,000) (979,000) 429,000 975,000
Cash and cash equivalents at beginning of period 2,605,000 2,176,000 2,176,000 1,201,000
Cash and cash equivalents at end of period 620,000 1,197,000 2,605,000 2,176,000
Cash paid during the period for:        
Income taxes 1,000
Interest 639,000 205,000 351,000 68,000
Supplemental disclosure of non-cash activities:        
Capital leases for purchase of equipment 2,000 10,000    
Debt discount and derivative liabilities recorded upon issuance of warrants and convertible secured notes 2,750,000 2,750,000 2,078,000
Common stock issued in exchange for warrant cancellation 885,000    
Debt discount and derivative liabilities recorded for amendments of notes 1,497,000 791,000
Debt discount and derivative liabilities recorded for amendments of warrants 148,000    
Reclassification of warrants previously recorded as derivative liabilities to paid-in capital 1,719,000    
Debt discount recorded for amendments of warrants 206,000    
Debt discount and derivative liabilities recorded upon issuance convertible unsecured notes 282,000    
Debt discount recorded for detachable warrants issued with unsecured notes $ 271,000    
Equipment purchased under capital leases     14,000 29,000
Original issue discount of convertible secured note issued     572,000
Issuance of common stock in exchange for warrants     885,000
Issuance of warrants for bank fees     246,000
Debt discount and accrued broker fees upon issuance of convertible secured note     186,000
Debt discount for warrants issued for broker fee in convertible secured note     155,000
Warranty liability recorded for product commissioned     242,000
Conversion of convertible notes and accrued interest into common stock     2,711,000
Issuance of warrants for services     180,000
Issuance of common stock for placement fees     150,000
Issuance of warrants for placement fees     296,000
Issuance of warrants for legal settlement     $ 246,000