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 $ (7,586,901) $ (3,085,774)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 25,937 28,372
Bad debt expense (recovery) (915)
Amortization of debt discount to interest expense 40,691 1,667
Stock-based compensation 5,101,319 2,111,620
Stock-based professional fees 80,417
Settlement expense 200,000
Loss on debt extinguishment 380,171
Change in operating assets and liabilities:    
Accounts receivable 35,777 (74,004)
Inventory 1,470 10,239
Prepaid expenses and other assets 771 (10,536)
Accounts payable 207,693 77,222
Accrued expenses 1,389 615
Accrued compensation 37,321 126,248
NET CASH USED IN OPERATING ACTIVITIES (1,474,860) (814,331)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash acquired in recapitalization 187,401
Purchases of property and equipment (3,453)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 187,401 (3,453)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of stock 1,267,500 100,000
Proceeds from exercise of stock options 110,000
Repayment of convertible note payable (260,000)
Proceeds from convertible note payable 260,000 150,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,377,500 250,000
NET INCREASE (DECREASE) IN CASH 90,041 (567,784)
CASH, end of period 136,489 29,126
CASH, beginning of period 46,448 596,910
Cash paid for:    
Interest 6,696
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Beneficial conversion feature reflected in debt discount 260,000 10,000
Common stock issued as prepaid for services 18,333
Common stock issued for accrued compensation 392,577
Exercise of stock options for accrued compensation 20,575
Common stock issued for debt and accrued interest 105,833
Common stock issued for accrued settlement $ 114,915

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