XML 19 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net loss $ (2,120,841) $ (3,689,338)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 317 317
Stock based compensation expense 170,517 904,004
Accretion of debt discount 58,438 919,367
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses (167,957) 30,785
Increase (decrease) in accounts payable 114,827 107,336
Increase (decrease) in accounts payable - related parties (58,333) 28,043
Increase (decrease) in interest payable - related parties 76,819 75,458
Increase (decrease) in contract payable (100,000) (50,000)
Net cash flows from operating activities (2,026,213) (1,674,028)
Cash flows from investing activity    
Net cash flows from investing activity
Cash flows from financing activities    
Proceeds from exercise of warrants and issuance of common stock 14,517,500 3,767,234
Proceeds from the issuance of convertible promissory notes 445,000
Payments of convertible promissory notes (50,000)
Net cash flows from financing activities 14,517,500 4,162,234
Increase in cash and cash equivalents 12,491,287 2,488,206
Cash and cash equivalents at beginning of period 2,906,237 418,031
Cash and cash equivalents at end of period 15,397,524 2,906,237
Supplemental disclosure of cash flow information:    
Interest paid in cash 1,825
Income taxes paid in cash
Supplemental disclosure of non-cash transactions:    
Discount on convertible promissory note due to detachable warrants and beneficial conversion feature 443,286
Debt conversion $ 1,095,000