XML 17 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,318,059) $ (140,303)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 51,028 51,028
Loan acquisition costs 153,601  
Stock based compensation 1,602,570 0
Debt discount (865,730) 0
Amortization of debt discount 420,930 0
Derivative liability 653,831 0
Changes in operating assets and liabilities:    
Accounts payable 49,160 10,000
Contract liability 42,000 0
Cash held by officer of VIE 10,650 0
Prepaid expenses (746) 0
Accrued Liabilities 309,924 22,943
Due to UNB 0 33,385
Net cash used in operating activities (890,841) (22,947)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capitalized patents (63,405) 0
Non-controlling interest (38,247) (7,275)
Net cash used in investing activities (101,652) (7,275)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible debentures 1,088,250 0
Repayments of convertible debentures (42,200) 0
Proceeds from related party notes payable 44,096 0
Proceeds from sale of interest in subsidiary 0 38,247
Repayments of notes payable (33,384) 0
Net cash provided by financing activities 1,056,762 38,247
NET INCREASE (DECREASE) IN CASH 64,269 8,025
CASH, beginning of year 8,025 0
CASH, end of year 72,294 8,025
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 0 0
Taxes $ 0 $ 0