Vu1 CORP

CIK:0000906448|SEC Filings

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Loss Per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Tables/Schedules

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	Three months ended March 31,
	2015	2014
Warrants	6,548,363	5,047,228
Convertible debt	1,277,892	1,152,223
Stock options	829,936	455,524
Unvested stock	-	70,677
Total potentially dilutive securities	8,656,191	6,725,652

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities
Net loss	$ (922,372)us-gaap_NetIncomeLoss	$ (802,827)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation	9,553us-gaap_Depreciation	3,402us-gaap_Depreciation
Share-based compensation	1,881us-gaap_ShareBasedCompensation	129,601us-gaap_ShareBasedCompensation
Loss on extinguishment of debt	580,700
Changes in assets and liabilities:
Change in accounts receivable	(8,715)
Change in inventory	(8,000)us-gaap_IncreaseDecreaseInInventories
Change in prepaid expenses	19,523	113,602
Change in accounts payable	64,760	88,295
Change in accrued interest	103,199	150,875
Net cash flows from operating activities	(159,471)	(317,052)
Net cash flows from investing activities
Cash flows from financing activities:
Net proceeds from sales of common stock and warrants	160,000	275,000
Net cash flows from financing activities	160,000	275,000
Net change in cash	529	(42,052)
Cash, beginning of period	1,903	92,795
Cash, end of period	2,432	50,743
Supplemental Cash Flow Information:
Cash paid for interest
Supplemental Noncash Investing and Financing Activities:
Conversion of loan and interest to stock and warrants	$ 1,107,731

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash	$ 2,432	$ 1,903
Accounts receivable	8,715us-gaap_AccountsReceivableNet
Inventory	8,000us-gaap_InventoryNet
Prepaid expenses	18,251	37,774
Total current assets	37,398us-gaap_AssetsCurrent	39,677us-gaap_AssetsCurrent
Non-current assets
Equipment, net of accumulated depreciation of $32,433 and $22,880	158,634us-gaap_PropertyPlantAndEquipmentNet	168,187us-gaap_PropertyPlantAndEquipmentNet
Total assets	196,032us-gaap_Assets	207,864us-gaap_Assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	1,505,938us-gaap_AccountsPayableCurrent	1,441,178us-gaap_AccountsPayableCurrent
Accrued payroll	192,725	192,725
Accrued interest	176,983us-gaap_AccruedLiabilitiesCurrent	500,815us-gaap_AccruedLiabilitiesCurrent
Loan payable		100,000us-gaap_LoansPayableCurrent
Judgment payable	1,295,920vuoc_JudgmentPayable	1,295,920vuoc_JudgmentPayable
Convertible debentures	2,788,300us-gaap_ConvertibleDebtCurrent	2,788,300us-gaap_ConvertibleDebtCurrent
Liabilities of Sendio	555,454us-gaap_OtherLiabilitiesCurrent	555,454us-gaap_OtherLiabilitiesCurrent
Total current liabilities	6,515,320us-gaap_LiabilitiesCurrent	6,874,392us-gaap_LiabilitiesCurrent
Total liabilities	6,515,320us-gaap_Liabilities	6,874,392us-gaap_Liabilities
Stockholders' deficit
Preferred stock, $1.00 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, no par value; 90,000,000 shares authorized; 13,973,093 and 12,950,384 shares issued and outstanding, respectively	86,115,847us-gaap_CommonStockValue	84,846,235us-gaap_CommonStockValue
Accumulated deficit	(92,339,080)	(91,416,708)
Total Vu1 Corporation's stockholders' deficit	(6,223,233)us-gaap_StockholdersEquity	(6,570,473)us-gaap_StockholdersEquity
Non-controlling interest	(96,055)us-gaap_MinorityInterest	(96,055)us-gaap_MinorityInterest
Total stockholders' deficit	(6,319,288)	(6,666,528)
Total liabilities and stockholders' deficit	$ 196,032	$ 207,864