Cash Flow

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net Cash Provided by (Used in) Operating Activities    
Net Income (Loss) $ (15,609,911) $ (6,873,052)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities    
Depreciation and amortization 241,673 258,358
Amortization of debt discounts 7,439,575 128,503
Common stock and warrants issued in conjunction with contracts 13,182 413,670
Share-based Payment Arrangement, Noncash Expense 438,056 208,124
Loss on extinguishment 0 95,804
Changes in operating assets and liabilities:    
Increase (Decrease) in Receivables (156,737) 9,432
Increase (Decrease) in Inventories (36,679) (15,595)
Increase (Decrease) in Prepaid Expense (101,971) (64,210)
Increase (Decrease) in Accounts Payable 776,852 140,407
Increase (Decrease) in Accounts Payable, Related Parties 36,846 (17,214)
Increase (Decrease) in Interest Payable, Net 906,043 162,207
Increase Decrease in accrued interest - related party 15,919 81,964
Increase (Decrease) in Deferred Revenue 50,163 (5,690)
Increase (Decrease) in Accrued Salaries 447,076 293,520
Net Cash Used in Operating Activities (5,539,913) (5,183,773)
Net Cash Provided by (Used in) Investing Activities    
Purchases of property and equipment (79,386) 0
Purchases of intangible assets (1,222,011) (1,182,763)
Net Cash Provided by (Used in) Investing Activities (1,301,397) (1,182,763)
Net Cash Provided by (Used in) Financing Activities    
Proceeds from BlackRidge Research equity sales 1,467,550 0
Proceeds from short term notes - related party 600,000 500,000
Proceeds from issuance of short term convertible notes 0 5,600,000
Proceeds from subscriptions payable 350,000 0
Proceeds from advances - related party 0 75,000
Repayments of short term debt (25,000) (5,000)
Repayments on long term debt (166,668) (200,000)
Net Cash Provided by (Used in) Financing Activities 2,225,882 5,970,000
Cash and Cash Equivalents, Period Increase (Decrease) (4,615,428) (396,536)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 4,693,950 421,869
Cash and Cash Equivalents, at Carrying Value, Ending Balance 78,522 25,333
Non-Cash Investing and Financing Activities    
Wages payable included in capitalized intangible assets 0 23,338
Preferred stock converted to common stock 0 536
Subscriptions receivable 16,205 0
Warrants issued in conjunction with debt agreements 0 3,039,654
Beneficial conversion features 0 2,867,112
Supplemental Cash Flow Information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 10,908 8,735
Income Taxes Paid, Net $ 0 $ 0

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