Cash Flow

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 95 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Cash Flows From Operating Activities      
Net Loss $ (3,234,778) $ (2,288,251) $ (53,131,154)
Net loss from discontinued operations   493,664  
Net Loss From Continuing Operations (3,234,778) (1,794,587)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 121,332 75,193  
Amortization of Debt Discounts 57,951 29,002  
Warrants issued in conjunction with advances   27,945  
Common stock issued in conjunction with contracts 123,670    
Share based compensation 101,413    
Changes in operating assets and liabilities:      
Change in Accounts Receivable 101,455 (3,540)  
Change in Inventory (1,172)    
Change in Prepaid Expenses (34,416) (55,300)  
Change in Accounts Payable 301,518 323,513  
Change in Accounts Payable - Related Party (39,881) 63,140  
Change in Accrued Interest 42,303 7,790  
Change in Accrued Interest - Related Party 38,497 161,544  
Change in Deferred Revenue (3,187) (251)  
Change in Wages Payable 283,530 246,233  
Net Cash Used in Operating Activities, Continuing Operations (2,141,765) (919,318)  
Net Cash Provided by Operating Activities, Discontinued Operations   45,028  
Net Cash Used in Operating Activities (2,141,765) (874,290)  
Cash Flows From Investing Activities      
Proceeds from business acquisition   10,559  
Purchases of Intangible Assets (554,666) (150,570)  
Net Cash Used in Investing Activities, Continuing Operations (554,666) (140,011)  
Net Cash Used in Investing Activities (554,666) (140,011)  
Cash Flows From Financing Activities      
Proceeds from sale of common stock   2,747,572  
Proceeds from sale of preferred stock   275,000  
Proceeds from short term notes - related party 500,000    
Proceeds from Subscriptions Payable   20,000  
Proceeds from issuance of short term convertible notes 2,100,000 100,000  
Proceeds from advances   40,000  
Proceeds from advances - related party 75,000 50,000  
Repayments on long term debt (100,000) (122,229)  
Net Cash Provided by Financing Activities, Continuing Operations 2,575,000 3,110,343  
Net Cash Used in Financing Activities, Discontinued Operations   (54,735)  
Net Cash Provided by Financing Activities 2,575,000 3,055,608  
Net Increase (Decrease) In Cash (121,431) 2,041,307  
Cash, Beginning of Period 421,869 57,033  
Cash, End of Period 300,438 2,098,340 $ 300,438
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Wages Payable Included in Capitalized Intangible Assets 23,338 119,588  
Common stock converted to preferred stock   500  
Preferred stock converted to common stock 536    
Business acquisition   483,957  
Warrants issued in conjunction with debt agreements 1,219,524 31,002  
Warrants issued and expensed in conjunction with advances   27,945  
Beneficial conversion features 1,046,982    
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 728 2,445  
Cash paid for income taxes  

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