Cash Flow

v3.19.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net Cash Provided by (Used in) Operating Activities    
Net Loss $ (5,597,142) $ (7,419,225)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - related party 9,567 173,815
Stock and warrants issued for services rendered 548,768 364,918
Stock and warrants issued for financing costs 0 300,496
Amortization of debt issuance costs (interest expense - related parties) 1,187,817 2,748,838
Amortization of bond discount 374,608 242,673
Changes in assets and liabilities:    
(Increase) in prepaid expenses (46,080) (46,536)
Increase (Decrease) in accounts payable 743,566 (91,300)
Increase in due to related party 0 46,000
Increase in accrued liabilities and interest 1,049,040 1,027,835
Net Cash Provided by (Used in) Operating Activities (1,729,856) (2,652,486)
Cash Flows from Investing Activities: 0 0
Net Cash Provided by (Used in) Financing Activities    
Proceeds from (payments of) Loan Payable, related party 32,500 (213,813)
Debt issuance costs 0 (106,658)
Proceeds from issuance of 11% convertible debentures 0 1,500,000
Proceeds from sales of common stock 1,352,000 1,833,813
Net Cash Provided by (Used in) Financing Activities 1,384,500 3,013,342
Increase (Decrease) in Cash (345,356) 360,856
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 388,891 317,135
Cash and Cash Equivalents, at Carrying Value, Ending Balance 43,534 677,991
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 581 0
Income Taxes Paid $ 0 $ 0

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