Post-effective amendment to a registration statement that is not immediately effective upon filing

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Operating activities:    
Net loss $ (21,853,475) $ (2,792,114)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,669,823 7,457,525
Deferred rent payable 690,608 (1,053,685)
Deferred taxes 116,688 (273,584)
Accrued interest on member loans    281,180
(Income) loss on equity method investments (948,852) 77,361
Impairment    5,133,552
Loss on disposal of assets    34,508
Derivative expense 10,095,000   
Issuance of stock-based compensation 55,546   
Issuance of restricted stock 294,994   
Control premium 5,000,000   
Changes in operating assets and liabilities:    
Accounts receivable 470,179 (1,099,712)
Inventory 387,789 (195,357)
Prepaid expenses and other current assets (520,065) (201,040)
Security deposits (9,900) (198,499)
Other assets (441,479) (625,940)
Accounts payable (1,699,823) 1,062,959
Accrued expenses 723,076 220,199
Deferred revenue (20,001) (46,885)
Net cash (used in) provided by operating activities (5,989,892) 7,780,468
Investing activities:    
Purchase of property and equipment (1,446,319) (7,225,640)
Purchase of minority interests (5,662,000)   
Investment 343,363 (179,613)
Due from related parties (683,896) 696,450
Net cash used in investing activities (7,448,852) (6,708,803)
Financing activities:    
Cash overdraft (318,198) 441,014
Proceeds from line of credit 7,175,000 3,650,000
Repayment of line of credit (5,335,913) (2,422,222)
Repayment of notes payable (320,000) (20,000)
Repayment of capital lease    (45,259)
Proceeds from member loans 578,915 1,546,222
Repayment of member loans (5,606,528) (1,342,253)
Issuance of restricted stock 6   
Contributions from members 520,000 1,629,504
Proceeds from merger 15,453,217   
Proceeds from equity offering, net of issuance costs 13,251,514   
Distributions to members (1,383,407) (5,189,593)
Net cash provided by (used in) financing activities 24,014,606 (1,752,587)
Effect of exchange rate changes on cash 61,494 (12,092)
Net increase (decrease) in cash 10,637,356 (693,014)
Cash and cash equivalents, beginning of year 1,043,730 1,736,744
Cash and cash equivalents, end of year 11,681,086 1,043,730
Supplemental disclosure of cash flow data:    
Interest paid 2,040,567 213,375
Income taxes paid $ 685,421 $ 83,255