Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net Cash Provided by (Used in) Operating Activities    
Net Loss $ (3,846,174) $ (1,862,299)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - Related Party 5,255 3,317
Stock and warrants issued for services rendered 278,085 16,574
Loss on Extinguishment of Debt 0 406,482
Stock and warrants issued for Finance Costs - Related Party 264,496 36,000
Amortization of deferred finance costs 1,278,032 28,116
Amortization of bond discount 94,753 199,540
Depreciation expense 0 6,250
Changes in assets and liabilities:    
(Increase) in prepaid expenses (74,049) (35,305)
Increase in accounts payable 589,937 102,717
Increase in due to related party 27,000 54,000
Increase in accrued liabilities and interest 508,667 515,123
Net Cash Provided by (Used in) Operating Activities (873,999) (529,485)
Cash Flows from Investing Activities: 0 0
Net Cash Provided by (Used in) Financing Activities    
Proceeds of loan payable, related party, net 155,000 30,000
Proceeds from issuance of convertible debentures 500,000 1,000,000
Net Cash Provided by (Used in) Financing Activities 655,000 1,030,000
Increase (decrease) in Cash (218,999) 500,515
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 317,135 506,986
Cash and Cash Equivalents, at Carrying Value, Ending Balance 98,136 1,007,501
Supplemental Cash Flow Information    
Interest Paid 0 0
Income Taxes Paid $ 0 $ 0