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Consolidated Statements of Cash Flows (USD $)
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9 Months Ended | 12 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash flows from operating activities: | ||||
| Net income (loss) | $ (5,683,693)us-gaap_NetIncomeLoss | $ (840,722)us-gaap_NetIncomeLoss | $ 66,196us-gaap_NetIncomeLoss | $ (2,320,546)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Depreciation | 278,852us-gaap_Depreciation | 287,201us-gaap_Depreciation | 384,677us-gaap_Depreciation | 378,322us-gaap_Depreciation |
| Non-cash interest expense | 365,251us-gaap_PaidInKindInterest | 363,970us-gaap_PaidInKindInterest | 414,269us-gaap_PaidInKindInterest | 100,394us-gaap_PaidInKindInterest |
| Changes in operating assets and liabilities: | ||||
| Restricted cash | 12,973us-gaap_IncreaseDecreaseInRestrictedCash | (256,127)us-gaap_IncreaseDecreaseInRestrictedCash | 114,260us-gaap_IncreaseDecreaseInRestrictedCash | 2,877,622us-gaap_IncreaseDecreaseInRestrictedCash |
| Trade accounts receivable | 474,418us-gaap_IncreaseDecreaseInAccountsReceivable | (466,456)us-gaap_IncreaseDecreaseInAccountsReceivable | (337,483)us-gaap_IncreaseDecreaseInAccountsReceivable | (123,241)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Prepaid expenses | (13,215)us-gaap_IncreaseDecreaseInPrepaidExpense | (18,789)us-gaap_IncreaseDecreaseInPrepaidExpense | 1,049us-gaap_IncreaseDecreaseInPrepaidExpense | (24,714)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Other assets | (114,931)us-gaap_IncreaseDecreaseInOtherCurrentAssets | 751,303us-gaap_IncreaseDecreaseInOtherCurrentAssets | 691,681us-gaap_IncreaseDecreaseInOtherCurrentAssets | (553,881)us-gaap_IncreaseDecreaseInOtherCurrentAssets |
| Trade accounts payable | (3,324)us-gaap_IncreaseDecreaseInAccountsPayableTrade | (452,672)us-gaap_IncreaseDecreaseInAccountsPayableTrade | (549,405)us-gaap_IncreaseDecreaseInAccountsPayableTrade | (730,237)us-gaap_IncreaseDecreaseInAccountsPayableTrade |
| Accrued and other liabilities | (450,672)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | (1,485,406)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | (3,846,904)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | (8,735,103)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
| Income taxes | 49,064us-gaap_IncreaseDecreaseInIncomeTaxes | (14,440)us-gaap_IncreaseDecreaseInIncomeTaxes | (14,822)us-gaap_IncreaseDecreaseInIncomeTaxes | 43,905us-gaap_IncreaseDecreaseInIncomeTaxes |
| Net cash used in operations | (5,085,277)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (2,132,138)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (3,076,482)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (9,087,479)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (14,311)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (49,071)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (49,471)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (132,731)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of property and equipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 90us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | |
| Net cash used in investing activities | (14,311)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (49,070)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (49,471)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (132,641)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | ||||
| Proceeds from convertible stockholder loan | 1,309,093us-gaap_ProceedsFromConvertibleDebt | 285,049us-gaap_ProceedsFromConvertibleDebt | 327,210us-gaap_ProceedsFromConvertibleDebt | 2,317,308us-gaap_ProceedsFromConvertibleDebt |
| Repayment of debt | (189,420)us-gaap_RepaymentsOfDebt | |||
| Proceeds from preferred share subscription | 1,355,480us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock | |||
| Net cash provided by financing activities | 2,475,153us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 285,049us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 327,210us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 2,317,308us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate change on cash and cash equivalents | (128,764)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 86,009us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 161,047us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 16,921us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| Net decrease in cash and cash equivalents | (2,753,199)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,810,150)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (2,637,696)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (6,885,892)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 3,689,382us-gaap_CashAndCashEquivalentsAtCarryingValue | 6,327,078us-gaap_CashAndCashEquivalentsAtCarryingValue | 6,327,078us-gaap_CashAndCashEquivalentsAtCarryingValue | 13,212,969us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 936,183us-gaap_CashAndCashEquivalentsAtCarryingValue | 4,516,928us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,689,382us-gaap_CashAndCashEquivalentsAtCarryingValue | 6,327,078us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental cash flow disclosures: | ||||
| Cash paid for interest | 40,664us-gaap_InterestPaid | 19,756us-gaap_InterestPaid | 79,668us-gaap_InterestPaid | 77,160us-gaap_InterestPaid |
| Cash paid (received from) for income taxes | $ (51,187)us-gaap_IncomeTaxesPaidNet | $ 10,801us-gaap_IncomeTaxesPaidNet | $ 17,413us-gaap_IncomeTaxesPaidNet | $ (43,196)us-gaap_IncomeTaxesPaidNet |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes, and in deferred and other tax liabilities and assets. No definition available.
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- Definition
The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity's common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
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