XML 14 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (350,097) $ (12,086,137)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of intangible assets 211,929
Depreciation 82,022 312
Share-based compensation 50,000 11,331,602
Change in operating assets and liabilities:    
Accounts receivable (49,320)
Inventory (2,349)
Prepaid and other current assets (56,796) 20,986
Accounts payable (12,639) (97,467)
Accrued liabilities - related parties 39,305
Accrued and other short term liabilities (24,511)
Accrued interest on short term notes payable - affiliate 98,700
Net cash used in operating activities (151,762) (692,699)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of furniture and fixtures
Net cash  provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt financing proceeds - affiliate 436,000 987,000
Principal payments on debt financing (271,868)
Short term advance from shareholder 10,150
Contributions - affiliate 55,000
Redemption of preferred stock (190,163)
Net cash provided by financing activities 174,282 851,837
Net change in cash and cash equivalents 22,520 159,138
Beginning cash and cash equivalents 76,746 24,383
Ending cash and cash equivalents 99,266 183,521
Cash paid for:    
Interest 16,525 13,250
Non-cash investing and financing activities:    
Accrued interest and amortization of debt discount $ 107,085 $ 122,061