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, 2016
Pro forma financial information  
11. Supplemental Disclosure of Cash Flow Information

Supplemental cash flow information for the years ended December 31, 2016 and 2015 is as follows:

 

Supplemental Cash Flow Information     2016     2015
   Cash paid for interest   $ 5,806,910   $ 5,064,880
   Cash paid for income taxes   $                         -   $                   -
             
Supplemental Non-Cash Investing and Financing Activities            
   Property and equipment acquired under capital leases   $              188,497   $     1,440,816
   Dividend on Series B-2 preferred stock paid with the issuance of Fusion common stock   $           1,983,301   $     1,174,620
   Obligations under asset purchase agreements   $           1,521,606   $        633,333
   Equipment received in exchange for settlement of accounts receivable   $                       -      $        105,570
   Common stock issued for acquisitions   $           3,627,490   $     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