Quarterly report pursuant to Section 13 or 15(d)

6. Supplemental Disclosure of Cash Flow Information

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6. Supplemental Disclosure of Cash Flow Information
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
6. Supplemental Disclosure of Cash Flow Information

Supplemental cash flow information for the three months ended March 31, 2017 and 2016 is as follows:

 

    Three Months Ended March 31,  
Supplemental Cash Flow Information   2017     2016  
  Cash paid for interest   $ 2,186,314     $ 1,460,306  
  Cash paid for income taxes   $ -     $ -  
                 
Supplemental Non-Cash Investing and Financing Activities                
  Property and equipment acquired under capital leases   $ -     $ 141,240  
  Conversion of preferred stock into common stock   $ 2,958,000     $ -  
  Dividend on Series B-2 preferred stock paid with the issuance of Fusion common stock   $ 183,827     $ 1,431,359  
  Obligations under asset purchase agreements   $ 1,350,000     $ 1,011,607