XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (2,452,290) $ (1,638,972)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 415 287
Amortization of prepaid expense 451,090
Stock-based compensation 1,272,502 285,372
Amortization of debt discount and interest expense 30,610 29,805
Loss on settlement of debt (639,690) (737,100)
Initial derivative expense 100,554 274,717
Change in fair value of derivative liabilities 185,567 (5,520)
 Change in operating assets and liabilities    
Taxes receivable 446 2,809
Prepaid expense (151,555)
Accounts payable and accrued liabilities 13,720 48,090
Net cash used in operating activities (129,722) (109,335)
Cash flows from investing activities    
Purchase of property and equipment 1,417
Net cash used in investing activities (1,417)
Cash flow from financing activities    
Advance by related party 19,196 33,085
Repayment of advances to related party 11,627 5,179
Proceeds from notes payable 84,144 62,239
Repayments of notes payable 58,882
Proceeds from convertible note 100,000 175,000
Net cash provided by financing activities 132,831 265,145
Net change in cash 1,692 155,810
Cash, beginning of the period 293 2,729
Cash, end of the period 1,985 158,539
Cash paid during the year: Interest paid
Cash paid during the year: Income taxes paid
Supplemental disclosure of non-cash investing and financing activities    
Issue of non-redeemable convertible notes to settle notes payable 127,853
Issue of shares to settle non-redeemable convertible notes 592,224 900
Issue of shares to settle convertible note 208,285
Initial debt discount from derivative $ 100,000