Cash Flow

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net Cash Provided by (Used in) Operating Activities    
Net loss $ (11,841,419) $ (11,185,150)
Net loss from discontinued operations 0 493,664
Net Loss Before Income Taxes (11,841,419) (10,691,486)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities    
Depreciation and amortization 348,712 327,869
Amortization of debt discounts 520,022 31,002
Warrants issued and expensed in conjunction with advances 0 27,945
Common stock issued in conjunction with contracts 413,670 231,370
Employee stock option plan 708,684 0
Share based compensation 0 25,313
Warrant issued in conjunction with contracts 85,921 0
Loss on extinguishment of debt 606,890 0
Changes in operating assets and liabilities:    
Increase (Decrease) in Receivables 48,859 0
Increase (Decrease) in Inventories (15,595) (26,068)
Increase (Decrease) in Prepaid Expense 237,493 (195,534)
Increase (Decrease) in Accounts Payable (42,330) 251,492
Increase (Decrease) in Accounts Payable, Related Parties (11,411) (325,058)
Increase (Decrease) in Interest Payable, Net 380,104 1,035
Increase Decrease in accrued interest - related party 115,722 509,792
Increase (Decrease) in Deferred Revenue (3,822) (9,197)
Increase (Decrease) in Accrued Salaries 736,108 4,527,900
Net Cash Used in Operating Activities, Continuing Operations (7,712,392) (5,313,625)
Net Cash Provided by Operating Activities, Discontinued Operations 0 45,028
Net Cash Used in Operating Activities (7,712,392) (5,268,597)
Net Cash Provided by (Used in) Investing Activities    
Proceeds from business acquisition 0 10,559
Purchases of intangible assets (1,683,431) (935,932)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (1,683,431) (925,373)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 0
Net Cash Provided by (Used in) Investing Activities (1,683,431) (925,373)
Net Cash Provided by (Used in) Financing Activities    
Proceeds from sale of common stock 0 8,392,451
Proceeds from sale of preferred stock 0 275,000
Proceeds from warrant exercise 0 10,000
Proceeds from short term notes - related party 732,000 0
Proceeds from subscriptions payable 0 0
Proceeds from issuance of short term convertible notes 10,832,000 100,000
Proceeds from advances - related party 75,000 115,000
Repayments of short term debt (5,000) (38,989)
Repayments on short term convertible notes 0 (100,000)
Repayments on long term debt (300,001) (333,342)
Net Cash Provided by Financing Activities, Continuing Operations 11,333,999 8,420,120
Net Cash Used in Financing Activities, Discontinued Operations 0 (54,735)
Net Cash Provided by (Used in) Financing Activities 11,333,999 8,365,385
Cash and Cash Equivalents, Period Increase (Decrease) 1,938,176 2,171,415
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 421,869 57,033
Cash and Cash Equivalents, at Carrying Value, Ending Balance 2,360,045 2,228,448
Non-Cash Investing and Financing Activities    
Wages payable included in capitalized intangible assets 23,338 168,465
Wages payable settled with common stock 0 13,238,453
Common stock converted to preferred stock 0 500
Preferred stock converted to common stock 536 0
Business acquisition 0 483,957
Warrants issued in conjunction with debt agreements 5,644,008 31,002
Warrants issued and expensed in conjunction with advances 0 27,945
Conversion of debt interest 1,193,910 0
Beneficial conversion features 5,726,678 0
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 9,485 15,502
Income Taxes Paid, Net $ 0 $ 0

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