GrowLife Inc (PHOT)

[surfkast]

Looks like Toxic Debt to me.

CASH FLOWS FROM OPERATING ACTIVITIES:


Net loss
$ (52,241,736 ) $ (2,799,929 )

Adjustments to reconcile net loss to net cash (used in)


operating activities


Depreciation and amortization
19,209 7,585

Amortization of intangible assets
53,274 55,998

Change in inventory reserve
62,711 -

Stock based compensation
580,334 -

Common stock issued for services
1,645,000 827,476

Amortization of debt discount
1,368,345 737,491

Change in fair value of derivative liability
13,310,855 169,753

Expense related to warrant
33,700,000 250,000

Loss on extinguishment of debt
- 2,750

Accrued interest on convertible notes payable
94,619 49,501

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10162449