Cash Flows from Operating Activities Cas
Post# of 780
Posted On: 12/02/2015 11:32:17 AM
Cash Flows from Operating Activities
Cash flows used in operating activities during the nine months ended September
30, 2015 was $293,935 which consisted of a net loss of $3,448,598, non-cash
expenses and gains of $2,729,289 and positive changes in working capital of
$425,374. Net cash used in operating activities during the same period in 2014
was $584,299 which consisted of a net loss of $2,879,323, non-cash expenses and
gains of $2,415,187 and negative changes in working capital of $120,163. The
change in net cash used in operating activities was primarily due to a increase
in net loss of $569,275, increased non-cash losses from the excess fair value of
derivative liabilities being charged to interest expense and a greater change in
contracts receivable during the nine months ended September 30, 2015 compared to
the same period in 2014.
Cash flows used in operating activities during the nine months ended September
30, 2015 was $293,935 which consisted of a net loss of $3,448,598, non-cash
expenses and gains of $2,729,289 and positive changes in working capital of
$425,374. Net cash used in operating activities during the same period in 2014
was $584,299 which consisted of a net loss of $2,879,323, non-cash expenses and
gains of $2,415,187 and negative changes in working capital of $120,163. The
change in net cash used in operating activities was primarily due to a increase
in net loss of $569,275, increased non-cash losses from the excess fair value of
derivative liabilities being charged to interest expense and a greater change in
contracts receivable during the nine months ended September 30, 2015 compared to
the same period in 2014.
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