Cash Flow

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net loss $ (4,625,484) $ (3,228,827)
Adjustments to reconcile net loss to cash used in operations:    
Depreciation 36,720 0
Derivative loss 1,454,729 517,205
Stock-based compensation 2,376,050 599,835
Bad debt expense 9,407 0
Amortization of prepaid stock-based expenses 110,416 0
Amortization of discount and debt issuance costs for convertible notes 339,806 345,013
Amortization of intangible assets 558,024 0
Deferred rent 42,279 0
(Gain) loss on settlement of debt (3,004,629) 477,126
(Increase) decrease in operating assets:    
Accounts receivable (85,033) 0
Accounts receivable - related party (52,659) 0
Inventory (2,298,919) 0
Prepaid expenses and other current assets (94,758) (334)
Deposit (40,000) 0
Increase (decrease) in operating liabilities:    
Accounts payable 208,453 112,699
Accounts payable - related party 8,342 0
Accrued expenses 44,818 744,931
Settlement payable (20,000) (3,000)
Interest payable 4,764 27,428
Net Cash Used In Operating Activities (5,027,674) (407,924)
Cash Flows From Investing Activities:    
Purchase of membership interest in subsidiary (1,467,500) 0
Purchase of property and equipment (586,203) 0
Net Cash Used In Investing Activities (2,053,703) 0
Cash Flows From Financing Activities:    
Proceeds from sale of Series D preferred stock 0 50,000
Advances from related party 231,035 0
Repayments on related party advances (160,535) 0
Proceeds from sale of Common Stock 7,012,046 0
Payments of principal on notes payable (32,129) 0
Proceeds from issuance of notes payable 14,229 101,900
Payments of principal on convertible notes (186,443) (25,000)
Proceeds from issuance of convertible notes, net of issuance cost 206,900 121,100
Net Cash Provided By Financing Activities 7,085,103 248,000
Net increase (decrease) in cash and cash equivalents 3,726 (159,924)
Cash and cash equivalents at beginning of period 1,960 161,215
Cash and cash equivalents at end of period 5,686 1,291
Supplemental Cash Flow Information:    
Cash paid for interest 26,977 0
Cash paid for taxes 0 0
Non-Cash transactions investing and financing activity:    
Proceeds from sale of Series D preferred stock paid directly to settle amounts due to officers and directors 0 500,000
Proceeds from sale of Series A preferred stock paid directly to settle debts 55,090 0
Convertible notes and interest payable settled by Series A preferred stock issued 849,360 0
Note payable, accrued expense and interest payable settled by common stock issued 40,616 0
Convertible notes settled by common stock issued 196,000 34,120
Accounts payable settled by common stock issued 0 85,934
Common stock issued for purchase of membership interest in subsidiary 1,440,000 0
Common stock and preferred stock issued for prepaid services 3,405,500 0
Common stock issued pursuant to asset purchase agreement 70,000 0
Increase in intangible assets for subscription payable 1,866,029 0
Increase in inventory for subscription payable 33,971 0
Initial beneficial conversion feature and debt discount on convertible notes 206,910 151,000
Initial derivative liability on convertible notes 0 282,000
Preferred deemed dividend 904,450 0
Operating lease right-of-use assets and operating lease liabilities recorded upon adoption of ASC 842 2,431,362 0
Reduction of operating lease right-of-use asset and operating lease liabilities 143,680 0
Prepaid expenses directly paid by a related party $ 35,000 $ 0

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