XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:        
Net loss $ (1,103,174) $ (1,678,290) $ (8,475,313) $ (10,323,992)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation expense 8,803 11,847 37,984 36,723
Loss on disposal of property, plant, and equipment 8,417 10,002
Amortization expense of intangible assets 73,000 73,000 292,000 292,000
Noncash lease expense 19,601    
Stock based compensation 88,205 1,023,496 4,746,605 6,602,806
Amortization expense of debt discount     1,409,790
Gain on derivative liability     (1,831,635)
Loss on debt extinguishment     681,988
Loss on inventory obsolescence     565,406 6,366
Changes in operating assets and liabilities:        
Accounts receivable 11,071 65,656 92,065 283,935
Inventory (296,645) 344,643 118,366 (538,178)
Prepaid expenses and other current assets (169,853) 12,254 13,395 17,606
Operating lease obligations (19,274)    
Accounts payable and accrued expense (42,783) (96,429) 279,665 (88,563)
Due from related party (358) 653 (67,906) 125,132
Net cash used in operating activities (1,431,407) (234,753) (2,387,731) (3,326,022)
INVESTING ACTIVITIES:        
Cash received from sale of vehicle 60,000 60,000
Cash paid on fixed assets (30,761) (1,930) (5,279) (73,817)
Net cash provided by (used) in investing activities (30,761) 58,070 54,721 (73,817)
FINANCING ACTIVITIES:        
Proceeds from sale of common stock 1,940,250 2,000,000
Proceeds from related party convertible note payable 250,000 1,000,000 1,000,000
Proceeds from bank line of credit 250,000 1,000,000 1,000,000
Proceeds from related party promissory note     100,000  
Repayment of related party promissory note     (100,000)  
Net cash provided by financing activities 1,940,250 500,000 4,000,000 2,000,000
NET INCREASE IN CASH     1,666,990 (1,399,839)
CASH, beginning of period 2,282,365 615,375 615,375 2,015,214
CASH, end of period 2,760,447 938,692 2,282,365 615,375
Noncash investing and financing activities for the quarters ending March 31:        
Stock issued for related party subscription note receivable 17,500    
ROU assets and operating lease obligations recognized 189,763    
Conversion of 2016 related party convertible notes payable     3,088,705
Conversion of 2017 related party convertible note payable     2,015,370
Conversion of Series A preferred stock to common stock     25
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Interest 33,095 68,389 $ 407,096 $ 86,750
Income taxes