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SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES
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9 Months Ended |
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Sep. 30, 2013
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| 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
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