CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Cash flows from operating activities | |||
Net Loss | $ (4,006,335)us-gaap_NetIncomeLoss | $ (10,657,009)us-gaap_NetIncomeLoss | $ (13,092,387)us-gaap_NetIncomeLoss |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Settlement of litigation and debt | 0us-gaap_GainsLossesOnExtinguishmentOfDebt | (346)us-gaap_GainsLossesOnExtinguishmentOfDebt | (239,775)us-gaap_GainsLossesOnExtinguishmentOfDebt |
Share based compensation expense | 730,726us-gaap_AllocatedShareBasedCompensationExpense | 4,865,658us-gaap_AllocatedShareBasedCompensationExpense | 2,712,173us-gaap_AllocatedShareBasedCompensationExpense |
Issuance of common stock for services | 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 49,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 1,228,250us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
Issuance of common stock as settlement | 3,108,347zero_CommonStockIssuedAsSettlementValue | ||
Amortization of debt issuance costs and original issue debt discounts including beneficial conversion feature | 39,619us-gaap_AmortizationOfFinancingCostsAndDiscounts | 0us-gaap_AmortizationOfFinancingCostsAndDiscounts | 3,620,092us-gaap_AmortizationOfFinancingCostsAndDiscounts |
Change in fair value of derivative liability | 0us-gaap_IncreaseDecreaseInDerivativeLiabilities | 220,614us-gaap_IncreaseDecreaseInDerivativeLiabilities | 4,023,094us-gaap_IncreaseDecreaseInDerivativeLiabilities |
Gain on extinguishment of derivative liability | 0us-gaap_DerivativeGainLossOnDerivativeNet | (3,441,752)us-gaap_DerivativeGainLossOnDerivativeNet | (2,445,095)us-gaap_DerivativeGainLossOnDerivativeNet |
Gain on disposition of assets | 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment | (41,923)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
Depreciation and amortization | 13,825us-gaap_DepreciationAndAmortization | 15,399us-gaap_DepreciationAndAmortization | 36,077us-gaap_DepreciationAndAmortization |
Changes in operating assets and liabilities: | |||
Prepaid expenses and other current assets | (15,295)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 10,202us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 37,775us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Other assets | 0us-gaap_IncreaseDecreaseInOtherOperatingAssets | 4,500us-gaap_IncreaseDecreaseInOtherOperatingAssets | 0us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Accounts payable and accrued expenses | (107,577)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (43,408)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (192,796)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Accounts payable - license agreements | 219,863us-gaap_IncreaseDecreaseInAccountsPayable | (130,400)us-gaap_IncreaseDecreaseInAccountsPayable | 137,725us-gaap_IncreaseDecreaseInAccountsPayable |
Accounts payable and accrued expenses - related parties | (402,521)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties | 128,750us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties | (342,718)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties |
Net cash used in operating activities | (3,527,695)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (5,912,368)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (4,517,585)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities | |||
Purchase of equipment | 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (7,573)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (16,142)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Proceeds from sale of equipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 27,000us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
Net cash provided by (used in) investing activities | 0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 19,427us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (16,142)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities | |||
Net proceeds from issuance of convertible notes and warrants | 254,900us-gaap_ProceedsFromConvertibleDebt | 0us-gaap_ProceedsFromConvertibleDebt | 1,835,840us-gaap_ProceedsFromConvertibleDebt |
Net proceeds from exercise of warrants and options | 1,383,284zero_NetProceedsFromExerciseOfWarrantsAndOptions | 8,428,218zero_NetProceedsFromExerciseOfWarrantsAndOptions | 3,681,881zero_NetProceedsFromExerciseOfWarrantsAndOptions |
Net cash provided by financing activities | 1,638,184us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 8,428,218us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 5,517,721us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Net (decrease) increase in cash | (1,889,511)us-gaap_CashPeriodIncreaseDecrease | 2,535,277us-gaap_CashPeriodIncreaseDecrease | 983,994us-gaap_CashPeriodIncreaseDecrease |
Cash, beginning of period | 4,137,068us-gaap_Cash | 1,601,791us-gaap_Cash | 617,797us-gaap_Cash |
Cash, end of period | 2,247,557us-gaap_Cash | 4,137,068us-gaap_Cash | 1,601,791us-gaap_Cash |
Supplemental disclosures of cash flow information | |||
Cash paid during the year for: Interest | 0us-gaap_InterestPaidNet | 260us-gaap_InterestPaidNet | 7,640us-gaap_InterestPaidNet |
Cash paid during the year for: Income taxes | 0us-gaap_IncomeTaxesPaidNet | 0us-gaap_IncomeTaxesPaidNet | 0us-gaap_IncomeTaxesPaidNet |
Non-cash investing and financing activities | |||
Conversion of accounts payable and accrued expenses to convertible debentures | 0zero_ConversionOfAccountsPayableAndAccruedExpensesToConvertibleDebentures | 0zero_ConversionOfAccountsPayableAndAccruedExpensesToConvertibleDebentures | 52,371zero_ConversionOfAccountsPayableAndAccruedExpensesToConvertibleDebentures |
Conversion of convertible debentures to common stock | 35,750us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments | 0us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments | 3,789,634us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments |
Exercise of options and warrants applied to accounts payable | 30,000zero_ExerciseOfOptionsAndWarrantsAppliedToAccountsPayable | 49,000zero_ExerciseOfOptionsAndWarrantsAppliedToAccountsPayable | 0zero_ExerciseOfOptionsAndWarrantsAppliedToAccountsPayable |
Fair value of warrants issued to settle payables | 0zero_FairValueOfWarrantsIssuedToSettlePayables | 129,622zero_FairValueOfWarrantsIssuedToSettlePayables | 0zero_FairValueOfWarrantsIssuedToSettlePayables |
Receivable from sale of equipment | 0zero_ReceivableFromSaleOfEquipment | 27,000zero_ReceivableFromSaleOfEquipment | 0zero_ReceivableFromSaleOfEquipment |
Fair value of warrants and beneficial conversion feature associated with issued convertible notes | $ 119,671us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature | $ 0us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature | $ 1,888,211us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature |
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- Definition
Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of increase (decrease) in cash. Cash is 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. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. 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
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the obligations due for goods and services provided by the following types of related parties: a parent company and its subsidiaries, subsidiaries of a common parent, an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management, an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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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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- Details
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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
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 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 net amount of stock issued during the period upon the conversion of convertible securities, net of adjustments (for example, to additional paid in capital) including the write-off of an equity component recognized to record the convertible debt instrument as two separate components - a debt component and an equity component. This item is meant to disclose the value of shares issued on conversion of convertible securities that were recorded as two separate (debt and equity) components. No definition available.
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- Details
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- Definition
Common stock issued as settlement, value No definition available.
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- Definition
Conversion of accounts payable and accrued expenses to convertible debentures No definition available.
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- Definition
Exercise of options and warrants applied to accounts payable No definition available.
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- Definition
Fair value of warrants issued to settle payables No definition available.
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- Definition
Net proceeds from exercise of warrants and options No definition available.
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- Definition
Receivable from sale of equipment No definition available.
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