Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (2,089,273) $ (545,306)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 72,252 28,960
Fair value of shares for services 1,388,684 44,030
Fair value of warrants issued for services 376,510
Gain on forgiveness of accrued interest (21,000)
Gain on extinguishment of debt (62,000)
Amortization of right-of-use asset 38,829
Interest accrual 20,000
Changes in operating assets and liabilities:    
Accounts receivable (22,417)
Accounts payable and accrued liabilities 16,479 3,238
Deferred revenue 85,264
Operating lease liabilities (28,253)
Net cash used in operating activities (518,435) (154,568)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchase of equipment (84,500) (175,000)
Net cash used in investment activities (84,500) (175,000)
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from shares to be issued 625,365
Proceeds from shares issued for cash 1,300,018
Proceeds from convertibles notes payable 176,000
Proceeds from notes payable 13,000 85,000
Principal payments of notes payable (42,150) (380,000)
Costs of recapitalization (495,760)
Net cash provided by financing activities 596,215 685,258
Increase (decrease) in cash (6,720) 355,690
Cash and cash equivalents, beginning of period 35,820 23,467
Cash and cash equivalents, end of period 29,100 379,157
Supplemental Disclosures of Cash Flow Information:    
Cash paid for taxes 3,200
Cash paid for Interest
Non-cash investing and financing activities    
Fair value of shares issued for settlement of convertible notes payable 1,015,000
Initial recognition of operating lease right-of-use asset and operating lease liabilities $ 409,620