Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities:    
Net loss $ (3,228,827) $ (1,825,128)
Adjustments to reconcile net loss to cash used in operations:    
Derivative expense $ 517,205 $ 210,250
Officer and director bonuses paid in stock 500,000 0
Stock option expense $ 99,835 $ 0
Amortization of discount and debt issuance costs for convertible notes 345,013 0
Impairment 0 50,000
Loss on debt settlement in stock 477,126 0
(Increase) decrease in operating assets:    
Prepaid expenses (334) (512)
Increase (decrease) in operating liabilities:    
Accounts payable 112,699 79,071
Accrued expenses 744,931 265,379
Settlement payable (3,000) 0
Interest payable 27,428 2,810
Net Cash Used In Operating Activities (407,924) (1,204,118)
Cash Flows From Investing Activities:    
Net Cash Used In Investing Activities 0 0
Cash Flows From Financing Activities:    
Proceeds from sale of Series B-2 Preferred Stock 0 25,000
Proceeds from sale of Series D Preferred Stock 50,000 0
Proceeds from notes payable 101,900 48,000
Payments on convertible loan notes (25,000) 0
Proceeds from convertible loan notes 121,100 108,750
Net Cash Provided By Financing Activities 248,000 181,750
Net (decrease) increase in cash and cash equivalents (159,924) (1,022,368)
Cash and cash equivalents at beginning of period 161,215 1,055,336
Cash and cash equivalents at end of period 1,291 32,968
Supplemental Cash Flow Information:    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Non-Cash transactions investing and financing activity:    
Debt settled by Preferred Series D stock issued, March 28, 2018 500,000 0
Debt settled by common stock issued, February 2, 2018 85,934 0
Convertible loan notes settled by common stock 34,120 0
Initial benefical conversion feature and debt discount on convertible note 151,000 137,500
Initial derivative liability on convertible note $ 282,000 $ 286,000