XML 13 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net loss $ (1,943,201) $ (3,458,637)
Adjustments to reconcile net loss to net cash used in operating activities:    
Warrants issued for services 32,624 25,882
Loss (Gain) on extinguishment of debt (208,325) 63,848
Non-cash interest expense 52,505 8,918
Change in fair value of derivative liability (470,710) (22,859)
Amortization of debt discount 1,210,253 1,645,744
Depreciation expense 25,005 20,028
Loss (Gain) on Fixed Assets (11,231)
Changes in operating assets and liabilities:    
Inventory (101,296)
Prepaid assets (37,000)
Accounts payable 340,546 14,407
Accrued liabilities - related party (74,817) (81,229)
Accrued payroll taxes 5,132
Net cash used in operating activities (1,137,416) (1,826,997)
Investing Activities:    
Intangible assets (4,686) (19,108)
Proceeds from sale of fixed assets (44,404)
Net cash used in investing activities (49,090) (19,108)
Financing Activities:    
Proceeds from sale of common stock 259,995
Proceeds from debt 1,674,580 2,260,000
Payments on debt (512,306) (149,589)
Net cash provided by financing activities 1,162,274 2,370,406
Net (decrease) increase in cash (24,232) 524,301
Cash, beginning of period 24,435 173,343
Cash, end of period 203 697,644
Cash paid for:    
Interest 3,736 8,095
Income taxes
Non-cash investing and financing activities:    
Derivative liability offset by debt discount 768,722 169,450
Reduction of common stock issuable by issuing Stock 95,000 600,000
Debt and interest settled for common stock $ 831,640 $ 501,025
Stock issued with debt 30,000 173,669
Stock issued for accrued liabilities - related party 112,260
Warrants issued with debt $ 320,821
Reduction in test vehicle financing due to trade - in 10,313
Increase in test vehicle financing due to trade-in 45,176
Test vehicle acquired due to trade-in $ 54,863