Cash Flow

v3.19.3
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Net Cash Provided by (Used in) Operating Activities    
Net Income (Loss) $ (23,370,788) $ (11,841,419)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities    
Depreciation and amortization 365,718 348,712
Amortization of debt discounts 11,559,076 520,022
Common stock and warrants issued in conjunction with contracts 60,000 413,670
Share-based Payment Arrangement, Noncash Expense 707,453 708,684
Warrants issued in conjunction with contracts 29,270 85,921
Loss on extinguishment (309,013) 606,890
Changes in operating assets and liabilities:    
Increase (Decrease) in Receivables (167,219) 48,859
Increase (Decrease) in Inventories (39,010) (15,595)
Increase (Decrease) in Prepaid Expense (97,632) 237,493
Increase (Decrease) in Accounts Payable 1,868,439 (42,330)
Increase (Decrease) in Accounts Payable, Related Parties 357,321 (11,411)
Increase (Decrease) in Interest Payable, Net 1,357,612 380,104
Increase Decrease in accrued interest - related party 31,289 115,722
Increase (Decrease) in Deferred Revenue 27,899 (3,822)
Increase (Decrease) in Accrued Salaries 963,606 736,108
Net Cash Used in Operating Activities (6,655,979) (7,712,392)
Net Cash Provided by (Used in) Investing Activities    
Capitalized patent costs (18,898) 0
Purchases of property and equipment (79,386) 0
Purchases of intangible assets (1,772,273) (1,683,431)
Net Cash Provided by (Used in) Investing Activities (1,870,557) (1,683,431)
Net Cash Provided by (Used in) Financing Activities    
Proceeds from sale of preferred stock 350,000 0
Proceeds from BlackRidge Research equity sales 1,983,755 0
Proceeds from short term notes - related party 600,000 732,000
Proceeds from issuance of short term convertible notes 1,500,000 10,832,000
Proceeds from subscriptions payable 350,000  
Proceeds from advances - related party 0 75,000
Repayments of short term debt (25,000) (5,000)
Repayments on long term debt (300,002) (300,001)
Net Cash Provided by (Used in) Financing Activities 4,108,753 11,333,999
Cash and Cash Equivalents, Period Increase (Decrease) (4,417,783) 1,938,176
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 4,693,950 421,869
Cash and Cash Equivalents, at Carrying Value, Ending Balance 276,167 2,360,045
Non-Cash Investing and Financing Activities    
Wages payable included in capitalized intangible assets 0 23,338
Preferred stock converted to common stock 0 536
Common stock issued in conjunction with debt agreements 245,866 0
Warrants issued in conjunction with debt agreements 100,049 5,644,008
Common stock issued for wages payable 198,108 0
Options issued for wages payable 707,453 0
Conversion of debt and interest 0 1,193,910
Beneficial conversion features 0 5,726,678
Supplemental Cash Flow Information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 13,969 9,485
Income Taxes Paid, Net $ 0 $ 0

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