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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,522,694) $ (2,079,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 171,588 65,362
Stock-based compensation 260,311 110,593
Shares issued for professional services 190,500 400,600
Loss on impairment 162,984 0
Changes in assets and liabilities:    
Accounts receivable (65,740) 163
Inventories (71,685) 12,836
Prepaid expenses and other assets (43,793) (76,986)
Accounts payable (140,395) (228,327)
Accrued expenses (5,425) (17,513)
Accrued interest 0 28,744
Contract liability 259,580 (1,927)
Payroll liabilities (13,521) 8,000
Net cash used in operating activities (1,818,290) (1,778,138)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (24,445) 0
Cash received in reverse merger 0 256,255
Payments of liabilities assumed in reverse merger 0 (891,474)
Acquisition of Agribotix 0 (925,000)
Net cash used in investing activities (24,445) (1,560,219)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of the principle on promissory note (40,998) (84,559)
Shares repurchased from shareholder 0 (210,643)
Proceeds from the issuance of Common Stock and Series C convertible preferred stock in connection with merger, net of $20,000 in fees 0 3,980,000
Proceeds from the sale of Series C convertible preferred stock 0 250,000
Proceeds from the issuance of Common Stock Series D 0 1,970,000
Net cash (used in) provided by financing activities (40,998) 5,904,798
Net (decrease) increase in cash (1,883,733) 2,566,441
Cash at beginning of period 2,601,730 35,289
Cash at end of period 717,997 2,601,730
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest cash paid 501 39,313
Income taxes paid 0 0
Accrued dividends 163,555 1,333
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Assets acquired and (liabilities assumed) in reverse merger cash 0 256,255
Assets acquired and (liabilities assumed) in reverse merger accounts payable 0 (891,474)
Promissory note 0 (125,556)
Net liabilities assumed 0 (760,775)
Conversion of debt into common stock 0 1,503,801
Conversion of Series B and C preferred stock into common stock 2,150 613
Issuance of common stock as consideration 0 3,000,000
Cash paid in the prior year 0 75,000
Deferred revenue 0 6,819
Inventory 0 (3,685)
Fixed assets 0 (7,650)
Intangible assets 0 (724,500)
Goodwill 0 (3,270,984)
Cash paid for acquisition $ 0 $ (925,000)