SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES
|9 Months Ended|
Sep. 30, 2013
|Supplemental Cash Flow Elements [Abstract]|
|Cash Flow, Supplemental Disclosures [Text Block]||
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
For the nine months ended September 30, 2013:
a) The Company incurred approximately $45,383 in capital lease obligations.
b) The Company issued 210,526 shares of common stock in a cashless exercise of warrants for 250,000 shares at an exercise price of $0.03 per share.
c) The Company issued 215,517 shares of common stock with a fair value of $25,000 for repayment of accrued liabilities in the amount of $25,000.
For the nine months ended September 30, 2012:
a) The Company converted $43,946 of a Convertible Promissory Note at a fixed conversion rate of 1,975 shares per $1 for an aggregate of 86,793,693 shares of Class A common stock.
b) The Company converted two (2) shares of its Series A Convertible Preferred Stock for 2,385,650 shares of Class A common stock.
c) The Company bought back their 20% interest in SWK Technologies, Inc. for 22,664,678 shares of Class A common stock.
d) The Company incurred $43,556 in capital lease obligations.
e) The Company issued warrants for services with a value of $57,459, calculated by using the Black-Scholes Model
The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
Reference 1: http://www.xbrl.org/2003/role/presentationRef