Annual report pursuant to Section 13 and 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities    
Net loss $ (6,523,077) $ (2,937,032)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6,669 2,681
Amortization of intangibles 426,429 0
Amortization of debt discount 38,770 0
Stock based compensation 253,659 33,972
Straight-line rent adjustment 491 0
Changes in operating assets and liabilities, net of effects of acquisition:    
Deposits (2,751)  
Accounts receivable (33,045) 0
Prepaid expenses 63,473 (157,478)
Interest payable 76,712 0
Accounts payable (164,144) 104,553
Accrued liabilities (125,130) 189,429
Net Cash Used in Operating Activities (5,981,944) (2,759,875)
Cash Flows from Investing Activities    
Acquisition of Streamline, Inc., net of cash received (1,152,291) 0
Expenditures for property and equipment (7,059) (23,668)
Net Cash Used in Investing Activities (1,159,350) (23,668)
Cash Flows from Financing Activities    
Principal payments under note payable obligation (37,251) 0
Deferred initial public offering costs 0 29,775
Collection of subscription receivable 0 100,000
Proceeds from issuance of warrant 284,858 0
Proceeds from issuance of convertible debt 695,142 0
Proceeds from issuance of common stock from underwriters' overallotment 1,084,136 0
Proceeds from issuance of common stock in public offering 0 6,732,269
Net Cash Provided by Financing Activities 2,026,885 6,862,044
Net Increase/(Decrease) in Cash (5,114,409) 4,078,501
Cash - Beginning of period 6,684,576 2,606,075
Cash - End of period 1,570,167 6,684,576
Non-cash investing and financing activities    
Financing agreement for insurance policy 76,581 0
Due from shareholder for issuance of convertible debt 20,000  
Issuance of common stock for acquisition of Streamline 8,437,500 0
Net Non-Cash Investing and Financing Activities $ 8,534,081 $ 0