v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (3,327,457) $ (3,022,690)
Adjustments to reconcile net loss to net cash (used in) provided from operating activities:    
Depreciation and amortization 432,480 2,998,766
Interest accretion on landfill liabilities 56,401
Amortization of capitalized loan fees & debt discount 339,555 150,684
Unrealized (gain)/loss on fair value and derivative liabilities (2,308,182) 554,112
Unrealized gain from change in fair value of contingent consideration (27,290)
Bad debt expense 757,320 178,488
Deferred tax expense 101,613
Stock and Options issued to employees and consultants for compensation 179,359 27,375
Gain on extinguishment of debt (2,654,821)
Loss (Gain) on disposal of equipment (841)
Changes in working capital items net of acquisitions:    
Accounts receivable, net of allowance (1,201,863) (924,962)
Prepaid expenses and other current assets (447,909) (324,244)
Contract deposits 36,076
Other deposits 9,662
Accounts payable and accrued expenses 3,400,113 (1,383,897)
Deferred compensation (769,709)
Deferred revenue 386,111 1,050,524
Deferred Rent (364)
Net cash used in operating activities (1,772,389) (3,963,201)
Cash flows from investing activities:    
Investment in CFS Group of Companies (3,933,276)
Landfill additions (909,538) (12,333)
Acquisition of property, plant and equipment (995,620) (1,403,896)
Purchases of short-term investments 13,447
Net cash used in investing activities (1,905,158) (5,336,058)
Cash flows from financing activities:    
(Repayments) borrowings on notes due related parties (253,000)
Proceeds from loans 3,325,000 569,212
Proceeds from issuance of common stock, net of fees 10,764,931
Proceeds from issuance of Series F Preferred Stock and Series A Warrants net of placement fees of $248,000 2,002,000
Proceeds from warrant exercise 4,750
Dividend distribution to non-controlling shareholders (36,927)
Principal payments on capital lease (294,657) (67,291)
Principal payments on notes payable (762,478) (1,259,503)
Net cash provided from financing activities 4,237,688 9,754,349
Net change in cash 560,141 455,090
Beginning cash 997,216 823,272
Ending cash 1,557,357 1,278,362
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 2,559,789 1,497,429
Supplemental Non-Cash Investing and Financing Information:    
Note payable incurred for acquisition 3,692,000 34,100,000
Common stock issued for consideration in an acquisition 545,700 1,390,000
Retirement of common stock and related top off provision through the issuance of Reacquisition and exchange of common stock and related top off provision through the issuance of Preferred Stock C (and related derivative liability) 2,644,951
Property, plant and equipment additions financed with notes payable and capital leases 577,194 195,646
Deemed dividend related to beneficial conversion feature of Series C Preferred Stock 2,115,317
Deemed dividend related to Series A and B warrants down round provision and reclass to derivative liability 1,242,735
Deemed dividend related to Series D and E warrants down round provision and reclass to derivative liability 3,722,357
Deemed dividend related to extinguishment of Series D and E Preferred Stock 2,626,873
Deemed dividend related to conversion of Series D Preferred Stock 737,820
Deemed dividend related to conversion of Series E Preferred Stock 1,423,416
Deemed dividend related to issuance of Series F Preferred Stock $ 4,214,073

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