Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,227,612)	$ (2,939,373)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on conversion of debt	(318)	(112,457)
Common stock issued for services and finance expenses	0	175,450
Stock based compensation	68,434	103,218
Operating expenses incurred by noteholders on behalf of the Company	0	270,969
Non-cash interest expenses	0	336,171
Change in fair value of derivative liability	290,392	(209,918)
Amortization of debt discounts	65,478	1,176,353
Changes in operating assets and liabilities:
Fuel deposits	(344,926)	0
Accounts receivable	(71,051)	(40,825)
Accounts payable and accrued expenses	564,629	982,949
Due to related parties	179,039	1,064
Net Cash Used in Operating Activities	475,617	(256,399)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit	501,000	0
Proceeds from notes payable	9,482	0
Proceeds from convertible notes payable	52,500	421,948
Proceeds from notes payable - related parties	6,000	26,000
Payments on notes payable	0	(131,500)
Net Cash Provided by Financing Activities	568,982	316,448
NET INCREASE IN CASH AND CASH EQUIVALENTS	93,365	60,049
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	811	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	94,176	60,049
Cash Payments For:
Interest	164	601
Income taxes	0	0
Non-cash investing and financing activity:
Initial derivative liability on convertible note payable	37,500	803,378
Beneficial conversion feature on convertible note credited to additional paid in capital	$ 45,000	$ 435,156
Common stock issued for settlement of notes payable and accrued interest	0	142,745
Accrued interest converted to notes payable	$ 0	$ 131,659
Extinguished derivative liability on conversion of convertible note payable	0	703,989
Common stock issued for the conversion of debt and accrued interest	4,362	1,306,009
Common stock issued for the conversion of debt and accrued interest related party	0	210,784
Reclassification from due to related party to note payable - related party	64,000	0
Reclassification from accounts payable to convertible note payable - related party	45,000	0
Accounts payable converted to notes payable related party	0	158,000
Reduction of derivative liability due to conversions credited to additional paid in capital	$ 8,370	$ 0

Fuelstream INC 10-Q