Cash Flow

v3.19.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:    
Net loss $ (4,337,319) $ (3,860,675)
Adjustments to reconcile net loss to cash used in operations:    
Derivative expense (828,694) (667,200)
Officer and director stock payment 500,000 0
Stock-based compensation 227,394 0
Warrant expense 138,679 0
Amortization of discount and debt issuance costs for convertible notes 405,173 52,795
Impairment 0 1,050,000
Stock issued for services 26,000 0
Bad debt 607,929 78,315
(Increase) decrease in operating assets:    
Prepaid expenses (872) 8,214
Increase (decrease) in operating liabilities:    
Accounts payable 188,378 210,241
Accrued expenses 905,946 523,757
Settlement payable (3,000) 20,000
Interest payable 47,243 15,232
Net Cash Used In Operating Activities (465,755) (1,234,921)
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 issuance of note payable 103,400 48,000
Payments of principal on convertible notes (25,000) 0
Proceeds from convertible loan notes 178,100 267,800
Net Cash Provided By Financing Activities 306,500 340,800
Net decrease in cash and cash equivalents (159,255) (894,121)
Cash and cash equivalents at beginning of period 161,215 1,055,336
Cash and cash equivalents at end of period 1,960 161,215
Supplemental Cash Flow Information:    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Non-Cash transactions investing and financing activity:    
Forgiveness of debt by officers and directors 500,000 0
Proceeds from sale of Preferred Series D stock paid directly to settle amounts due to officers and directors 85,934 41,685
Accounts payable settled by common stock issued 46,295 0
Convertible notes settled by common stock 236,500 374,700
Initial beneficial conversion feature and debt discount on convertible notes 469,000 876,000
Initial derivative liability on convertible notes 400,480 0
Accounts payable settled on issuance of stock $ 343,735 $ 120,000

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