XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (413,435) $ (1,007,008)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization 7,313 7,233
Change in derivative indemnification liability 658,350
Changes in operating assets and liabilities:    
Other current assets 13,704
Accounts payable and accrued expenses - related parties 216,765 197,138
Accounts payable and accrued expenses - other 185,510 110,715
Net cash used in operating activities (3,847) (19,868)
Cash flows from financing activities:    
Proceeds from notes payable issued to related parties 2,115 60,408
Payments of notes payable issued to related parties (36,167)
Proceeds from short term notes and interest bearing advances 2,734
Payments of short term notes (483)
Net cash provided by financing activities 2,115 26,492
Net (decrease) increase in cash (1,732) 6,624
Cash at beginning of year 1,966
Cash at end of year 234 6,624
Supplemental disclosure of cash flow information:    
Cash paid for interest 841
Supplemental disclosure of non-cash financing activities:    
Unpaid preferred stock dividends in accounts payable and accrued expenses $ 25,400 $ 25,400