Annual report pursuant to Section 13 and 15(d)

11. Supplemental Disclosure of Cash Flow Information

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11. Supplemental Disclosure of Cash Flow Information
12 Months Ended
Dec. 31, 2015
Pro forma financial information  
11. Supplemental Disclosure of Cash Flow Information

Supplemental cash flow information for the years ended December 31, 2015 and 2014 is as follows:

 

Supplemental Cash Flow Information   2015     2014  
   Cash paid for interest   $ 5,064,880     $ 5,312,356  
   Cash paid for income taxes   $ -     $ 71,495  
                 
Supplemental Non-Cash Investing and Financing Activities                
   Property and equipment acquired under capital leases   $ 1,440,816     $ 2,187,754  
   Dividend on Series B-2 preferred stock paid with the issuance of Fusion common stock   $ 1,174,620     $ 1,342,603  
   Due to Seller of RootAxcess   $ 633,333     $ -  
   Equipment received in exchange for settlement of accounts receivable   $ 105,570     $ -  
   Common stock issued in the Fidelity acquisition   $ 1,500,000     $ -  
   Common stock issued in settlement of debt - related party   $ 300,000     $ -  
   Common stock issued in lieu of cash bonus   $ 25,000     $ -  
   Common stock issued to settle oustanding accounts payable   $ 11,877     $ -