Cash Flow

v3.20.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net Cash Provided by (Used in) Operating Activities    
NET LOSS $ (11,510,166) $ (14,635,367)
Adjustments to reconcile Net Loss to net cash used in operating activities:    
Stocks and warrants issued for services rendered 759,378 822,001
Issuance of warrants and options for services - related party 2,653,243 187,247
Warrants issued for Directors' Fees 192,614 384,065
Stocks and warrants issued for financing costs 165,432 310,894
Amortization of debt issuance costs 1,187,817 5,093,001
Amortization of bond discount 374,608 903,317
Changes in assets and liabilities:    
(Increase) in prepaid expenses (666) (7,473)
Increase (Decrease) in accounts payable 950,002 (119,285)
(Decrease) in due to related party 0 (43,405)
Increase in accrued liabilities 1,520,441 2,098,419
Net Cash Provided by (Used in) Operating Activities (3,707,297) (5,006,586)
Cash Flows from Investing Activities:    
Net Cash Provided by (Used in) Investing Activities 0 0
Net Cash Provided by (Used in) Financing Activities    
Proceeds from (payments of) loans payable, related parties 32,500 (217,614)
Debt Issuance Costs 0 (106,658)
Proceeds from issuance of 11% convertible debentures 0 1,968,801
Proceeds from exercise of common stock warrants 982,017 0
Proceeds from sales of common stock 2,650,000 3,433,813
Net Cash Provided by (Used in) Financing Activities 3,664,517 5,078,342
Increase (Decrease) in Cash (42,780) 71,756
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 388,891 317,135
Cash and Cash Equivalents, at Carrying Value, Ending Balance 346,111 388,891
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0 0
Income Taxes Paid $ 0 $ 0

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