Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Net Cash Provided by (Used in) Operating Activities    
Net Loss $ (7,419,225) $ (3,289,778)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - related party 173,815 7,601
Stock and warrants issued for services rendered 364,918 203,586
Loss on Extinguishment of Debt 0 406,482
Stock and warrants issued for financing costs 300,496 36,000
Amortization of debt issuance costs (interest expense - related parties) 2,748,838 56,233
Amortization of bond discount 242,673 306,008
Depreciation expense 0 12,500
Changes in assets and liabilities:    
(Increase) in prepaid expenses (46,536) (19,760)
Increase (Decrease) in accounts payable (91,300) 93,778
Increase in due to related party 46,000 54,000
Increase in accrued liabilities and interest 1,027,835 480,572
Net Cash Provided by (Used in) Operating Activities (2,652,486) (1,652,778)
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) 170,000
Debt issuance costs (106,658) 0
Proceeds from issuance of 11% convertible debentures 1,500,000 1,000,000
Proceeds from sales of common stock 1,833,813 0
Net Cash Provided by (Used in) Financing Activities 3,013,342 1,170,000
Increase (Decrease) in Cash 360,856 (482,778)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 317,135 506,986
Cash and Cash Equivalents, at Carrying Value, Ending Balance 677,991 24,208
Supplemental Cash Flow Information    
Interest Paid 0 0
Income Taxes Paid $ 0 $ 0