Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:    
Net (loss) income $ (2,123,490)us-gaap_NetIncomeLoss $ 30,119us-gaap_NetIncomeLoss [1]
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Loss on disposal and impairment of available-for-sale securities 42,821us-gaap_HeldToMaturitySecuritiesSoldSecurityRealizedGainLoss    [1]
Loss on derivative liability 350,969us-gaap_DerivativeLossOnDerivative    [1]
Depreciation 2,477us-gaap_DepreciationDepletionAndAmortization 1,915us-gaap_DepreciationDepletionAndAmortization [1]
Amortization expense 31,941us-gaap_AdjustmentForAmortization    [1]
Net fair value adjustment for LTAS push down accounting   (143,126)drne_FairValueAdjustmentForRelatedParties [1]
Shares issued for service - third party 341,667us-gaap_StockIssuedDuringPeriodValueIssuedForServices    [1]
Changes in current assets and liabilities:    
Accounts receivable 104,880us-gaap_IncreaseDecreaseInAccountsReceivable 169,365us-gaap_IncreaseDecreaseInAccountsReceivable [1]
Inventory 70,177us-gaap_IncreaseDecreaseInInventories (59,985)us-gaap_IncreaseDecreaseInInventories [1]
Prepaid expenses and other current assets (11,385)us-gaap_IncreaseDecreaseInPrepaidExpensesOther 33,791us-gaap_IncreaseDecreaseInPrepaidExpensesOther [1]
Accounts payable and accrued expense (132,363)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (36,200)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities [1]
Due from related party 20,027us-gaap_IncreaseDecreaseInDueFromRelatedParties    [1]
Deferred revenue    (48,350)us-gaap_IncreaseDecreaseInDeferredRevenue [1]
Net cash (used in) operating activities (1,302,279)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (52,471)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations [1]
INVESTING ACTIVITIES:    
Purchase of furniture and equipment (27,863)us-gaap_PaymentsToAcquireFurnitureAndFixtures    [1]
Cash (paid) received on business combination, net (304,639)us-gaap_PaymentsToAcquireBusinessesGross    [1]
Advances (to) from Parent       [1]
Cash from reverse merger 1,692,896us-gaap_ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell    [1]
Cash from sales of available-for-sale securities 168,704us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities    [1]
Net cash provided by investing activities 1,529,098us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations    [1]
FINANCING ACTIVITIES:    
Proceeds from warrant exercises 17,000us-gaap_ProceedsFromWarrantExercises    [1]
Proceeds from Series F preferred stock issued for cash 822,750us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock    [1]
Proceeds from common stock issued for cash 653,327us-gaap_ProceedsFromIssuanceOfCommonStock    [1]
Redemption of Series B-1 preferred stock (350,000)us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock    [1]
Net cash provided by financing activities 1,143,077us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations    [1]
NET INCREASE (DECREASE) IN CASH 1,369,896us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (52,471)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease [1]
CASH, beginning of period 109,826us-gaap_CashAndCashEquivalentsAtCarryingValue 162,297us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
CASH, end of period 1,369,896us-gaap_CashAndCashEquivalentsAtCarryingValue 109,826us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the years ended December 31:    
Interest 2,371us-gaap_InterestPaidNet 811us-gaap_InterestPaidNet [1]
Income taxes 5,571us-gaap_IncomeTaxesPaidNet    [1]
Noncash investing and financing activities for the years ended December 31:    
Cashless exercise of Series E preferred stock attached warrants 37drne_CashlessExerciseOfPreferredStockAttachedWarrants    [1]
Derivative liability written off to APIC due to warrant exercise 2,510,793drne_DerivativeLiabilityWrittenOffToWarrantExercise    [1]
Conversion of Series A preferred stock to common stock 1,983drne_ConvertiblePreferredStockSharesIssuedUponConversionValue    [1]
Conversion of Series C preferred stock to common stock 96drne_ConversionOfSeriesCPreferredStockToCommonStock  
Reverse merger adjustment (2,060,518)drne_ReverseMergerAdjustment    [1]
Deemed dividend beneficial conversion feature on convertible preferred stock 192,558drne_DeemedDividendOnConvertiblePreferredStock    [1]
Business combination adjustment $ 79,000drne_BusinessCombinationAdjustment    [1]
[1] Lighter Than Air Systems Corp. only