|
FY2012
12 months to Dec 31, 2012
|
FY2011
12 months to Dec 31, 2011
|
|
|---|---|---|
| Cash flows used in operating activities: | ||
| Net loss | ||
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Depreciation | ||
| Loss on settlement of debt | ||
| Stock-based compensation | ||
| Stock issued for services | ||
| Cancellation of stock issued for services | ||
| Write-off of project development costs | ||
| Interest accrued on notes payable, non-affiliated related parties | ||
| Interest accrued on notes payable, third parties | ||
| Accretion of beneficial conversion feature as interest expense | ||
| Change in assets attributable to discontinued operations | ||
| Change in liabilities attributable to discontinued operations | ||
| Due From NexPhase Lighting | ||
| Accounts Receivable | ||
| Inventories | ||
| Security deposits | ||
| Due from NexPhase Lighting | ||
| Loan to offcer | ||
| Security deposits | ||
| Accounts Payable | ||
| Sales Tax Payable | ||
| Accrued compensation | ||
| Net cash used in operating activities | ||
| Cash flows used in investing activities: | ||
| Purchase of Office Equipment | ||
| Net cash received from acquisition | ||
| Purchase of property and equipment | ||
| Net cash used in investing activities | ||
| Cash flows from financing activities: | ||
| Advances from non-affiliated related parties | ||
| Proceeds from issuance of note payable, non-affiliated related parties | ||
| Payments on notes payable, non-affiliated related parties | ||
| Proceeds from issuance of notes payable, third parties | ||
| Payments on notes payable, third parties | ||
| Advances from non-affiliated related parties, net | ||
| Advances from third parties, net | ||
| Net cash provided by financing activities | ||
| Net increase (decrease) in cash | ||
| Cash at beginning of period | ||
| Cash at end of period | ||
| Non-cash investing and financing activities: | ||
| Conversion of note payable, related parties to common stock | ||
| Conversion of accrued interest, related parties to common stock | ||
| Common stock issued | ||
| Additional paid in capital on stock issued | ||
| Conversion of note payable, third parties to common stock | ||
| Conversion of accrued interest, third parties to common stock | ||
| Due from NexPhase | ||
| Benefical conversion feature discount to notes payable, related parties | ||
| Benefical conversion feature discount to notes payable, third parties | ||
| Additional paid in capital | ||
| Conversion of accrued compensation to common stock | ||
| Notes payable, related parties | ||
| Accrued interest | ||
| Accrued compensation | ||
| Due from NexPhase | ||
| Notes payable, third parties | ||
| Common stock | ||
| Additional paid in capital on stock issued | ||
| Conversion of notes payable, related parties to notes payable, third parties: | ||
| Notes payable, related parties | ||
| Accrued interest | ||
| Notes payable, third parties | ||
| Net assets acquired in acquisition of Cyber Centers Worldwide | ||
| Goodwill | ||
| Series B Preferred stock issued | ||
| Common stock issued | ||
| Additional paid in capital on stock issued | ||
| Net assets acquired in acquisition of NexPhase Lighting | ||
| 244,000 shares of stock acquired and placed in treasury | ||
| Issuance of notes payable to former investors in NexPhase |
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