Cash Flow

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net Cash Provided by (Used in) Operating Activities    
Net Income (Loss) $ (6,370,572) $ (3,234,778)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities    
Depreciation and amortization 119,366 121,332
Amortization of debt discounts 2,262,546 57,951
Common stock and warrants issued in conjunction with contracts 3,921 123,670
Share-based Compensation 218,855 101,413
Changes in operating assets and liabilities:    
Increase (Decrease) in Receivables (118,164) 101,455
Increase (Decrease) in Inventories (10,000) (1,172)
Increase (Decrease) in Prepaid Expense (31,325) (34,416)
Increase (Decrease) in Accounts Payable 81,589 301,518
Increase (Decrease) in Accounts Payable, Related Parties 3,302 (39,881)
Increase (Decrease) in Interest Payable, Net 413,890 42,303
Increase Decrease in accrued interest - related party 4,935 38,497
Increase (Decrease) in Deferred Revenue 2,529 (3,187)
Increase (Decrease) in Accrued Salaries 218,642 283,530
Net Cash Used in Operating Activities (3,200,486) (2,141,765)
Net Cash Provided by (Used in) Investing Activities    
Purchases of property and equipment (79,389) 0
Purchases of intangible assets (615,198) (554,666)
Net Cash Provided by (Used in) Investing Activities (694,584) (554,666)
Net Cash Provided by (Used in) Financing Activities    
Proceeds from short term notes - related party 0 500,000
Proceeds from issuance of short term convertible notes 0 2,100,000
Proceeds from advances - related party 0 75,000
Repayments of short term debt (25,000) 0
Repayments on long term debt (100,000) (100,000)
Net Cash Provided by (Used in) Financing Activities (125,000) 2,575,000
Cash and Cash Equivalents, Period Increase (Decrease) (4,020,070) (121,431)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 4,693,950 421,869
Cash and Cash Equivalents, at Carrying Value, Ending Balance 673,880 300,438
Non-Cash Investing and Financing Activities    
Wages payable included in capitalized intangible assets 0 23,338
Preferred stock converted to common stock 0 536
Warrants issued in conjunction with debt agreements 0 1,219,524
Beneficial conversion features 0 1,046,982
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 8,148 728
Income Taxes Paid, Net $ 0 $ 0

Source