XML 24 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows provided by operating activities:    
Net loss $ (710,735) $ (504,351)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 10,409 1,126
Shares issued for services 222,500 118,883
Shares issued for license fee 30,000
Incentive bonus shares issued to CEO and employees 235,780
Stock Based Compensation - Options 314,795  
Change in bad debt allowance (2,098)
Amortization of right-of-use asset 48,082 4,205
Changes in operating assets and liabilities    
Change in accounts receivable, net 8,294 (22,890)
Change in accounts receivable - related parties (44,653) (31,187)
Change in inventory (156,993) 18,436
Change in prepaid expenses and other current assets (31,537) (168,765)
Change in other assets 3,500
Change in accounts payable and accrued liabilities (121,057) 40,333
Change in customer deposits and unearned revenue (77,543) (11,094)
Change in long term lease liability (48,082) (45,603)
Change in other liabilities (15,392) 97,509
Change in accounts payable - related parties (98,778) 28,215
Net cash used in operating activities (463,508) (405,183)
Cash flows from investing activities:    
Net cash used in investing activities
Cash flows from financing activities:    
Proceeds from unit offering 545,000 500,000
Proceeds from exercise of warrants 225,000
Proceeds from debt 159,600
Repayment of notes payable (30,000)
Repayment of debt (14,162)
Net cash provided by financing activities 885,138 500,000
Net change in cash 421,630 94,817
Cash, beginning of period 70,620 78,784
Cash, end of period 492,250 173,601
Supplemental disclosures of cash flow information:    
Cash Paid for Interest 5,761 560
Cash Paid for Income Taxes
Supplemental disclosure of non-cash financing activities:    
Operating lease Assets and Liabilities $ 635,613