Cash Flow

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Net Cash Provided by (Used in) Operating Activities    
NET LOSS $ (14,635,367) $ (10,038,374)
Adjustments to reconcile Net Loss to net cash used in operating activities:    
Stocks and warrants issued for services rendered 822,001 1,217,369
Issuance of warrants for services - related party 187,247 1,234,992
Warrants issued for Directors' Fees 384,065 166,668
Loss on Extinguishment of Debt 0 406,482
Stocks and warrants issued for financing costs 310,894 144,000
Amortization of debt issuance costs 5,093,001 690,079
Amortization of bond discount 903,317 574,716
Depreciation expense 0 18,750
Changes in assets and liabilities:    
(Increase) in prepaid expenses (7,473) (1,705)
(Decrease) in accounts payable (119,285) (124,656)
Increase (decrease) in due to related party (43,405) 156,600
Increase in accrued liabilities 2,098,419 1,312,188
Net Cash Provided by (Used in) Operating Activities (5,006,586) (4,242,891)
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 (217,614) 148,040
Debt Issuance Costs (106,658) (95,000)
Proceeds from issuance of 11% convertible debentures 1,968,801 4,000,000
Proceeds from sales of common stock 3,433,813 0
Net Cash Provided by (Used in) Financing Activities 5,078,342 4,053,040
Increase (Decrease) in Cash 71,756 (189,851)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 317,135 506,986
Cash and Cash Equivalents, at Carrying Value, Ending Balance 388,891 317,135
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0 0
Income Taxes Paid $ 0 $ 0

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