XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (563,759) $ (290,142)
Adjustments to reconcile net loss to net cash (used) provided in operating activities:    
Depreciation Expense 580
Stock compensation expense 47,632 93,914
Changes in operating assets and liabilities:    
Increase in prepaid expenses (1,217) (7,183)
Increase in accounts payable and accrued expenses 219,376 50,427
Net Cash (Used) Provided in Operating Activities (297,388) (152,984)
INVESTING ACTIVITIES    
Purchase of Intellectual Property (43,548)
Equipment acquisition (4,174)
Net Cash Used in Investing Activities (4,174) (43,548)
FINANCING ACTIVITIES    
Increase in Promissory Notes 480,000
Increase (decrease) of shareholder loans (21,877) 3,848
Sale of common stock for cash 596,075 1,310
Net Cash Provided by Financing Activities 574,198 485,158
(DECREASE) IN CASH AND CASH EQUIVALENTS 272,636 288,626
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 248,219 100
CASH AND CASH EQUIVALENTS AT END OF PERIOD 520,855 288,726
SUPPLEMENTAL INFORMATION OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Cash paid for interest
Noncash financing activities:    
Related party accrued expenses converted into common stock 231,876
Related party note payable converted into common stock $ 480,000