Cash Flow

v3.10.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net Cash Provided by (Used in) Operating Activities    
Net Loss $ (11,538,103) $ (6,158,296)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - related party 179,552 10,463
Stock and warrants issued for services rendered 406,204 1,160,157
Loss on Extinguishment of Debt 0 406,482
Warrants issued for Directors' Fees 384,065 166,668
Stock and warrants issued for financing costs 305,896 126,000
Amortization of debt issuance costs (interest expense - related parties) 4,542,444 84,350
Amortization of bond discount 522,045 427,626
Depreciation expense 0 18,750
Changes in assets and liabilities:    
(Increase) in prepaid expenses (35,003) (77,394)
(Decrease) in accounts payable (148,632) (31,326)
Increase (Decrease) in due to related party (65,900) 159,300
Increase in accrued liabilities and interest 1,565,341 826,775
Net Cash Provided by (Used in) Operating Activities (3,882,091) (2,880,445)
Cash Flows from Investing Activities: 0 0
Net Cash Provided by (Used in) Financing Activities    
Proceeds from (payments of) Loan Payable, related party (213,813) 98,040
Debt issuance costs (106,658) 0
Proceeds from issuance of 11% convertible debentures 1,830,000 3,500,000
Proceeds from sales of common stock 2,283,813 0
Net Cash Provided by (Used in) Financing Activities 3,793,342 3,598,040
Increase (Decrease) in Cash (88,749) 717,595
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 317,135 506,986
Cash and Cash Equivalents, at Carrying Value, Ending Balance 228,386 1,224,581
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0 0
Income Taxes Paid $ 0 $ 0

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