Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | |
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Jun. 30, 2014
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Jun. 30, 2014
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Jun. 30, 2013
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Cash Flows From Operating Activities: | |||
Net Loss | $ (167,259) | $ (510,673) | $ (365,925) |
Adjustments to reconcile net loss to net cash used in operations | |||
Amortization of debt discount | 27,022 | ||
Change in fair value of derivative liabilities | (9,015) | 12,705 | (1,492) |
Stock based consulting expense | 179,834 | ||
Changes in operating assets and liabilities: | |||
Decrease in prepaid expenses | 7,500 | ||
Increase in accounts payable and accrued expenses | 294,524 | 332,875 | |
Net Cash Used In Operating Activities | (23,610) | (20) | |
Cash Flows From Financing Activities: | |||
Net proceeds from a loan - related party | 35,000 | ||
Net Cash Provided by Financing Activities | 35,000 | ||
Net decrease in Cash | 11,390 | (20) | |
Cash at Beginning of Period | 20 | ||
Cash at End of Period | 11,390 | 11,390 | |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest | |||
Cash paid for taxes |
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash received from principal payments made on loans related to operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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