XML 49 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (659,473) $ (2,457,786)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 38,271 45,536
Loan acquisition costs 24,900 0
Stock based compensation 0 1,602,570
Interest on notes payable 27,446 0
Debt discount (205,000) 205,406
Amortization of debt discount 568,985 0
Derivative liability (312,622) 115,678
Changes in operating assets and liabilities:    
Accounts payable 205,025 54,153
Contract liabilities 0 42,000
Accrued liabilities 110,340 138,540
Cash held by officer of VIE 0 10,650
Prepaid expenses 0 (746)
Net cash used in operating activities (202,128) (243,999)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Noncontrolling interest 0 (38,247)
Investment in patents (54,930) (141,223)
Net cash used in investing activities (54,930) (179,470)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible notes payable 180,100 572,072
Payments on convertible notes and interest (24,650) (8,050)
Proceeds from related party payable 0 44,096
Payments on note payable 0 (33,386)
Net cash provided by financing activities 155,450 574,732
Effect of exchange rate on cash 30,722 0
Net Cash Increase (Decrease) in cash (70,886) 151,263
CASH, Beginning of period 72,294 8,025
CASH, End of period 1,408 159,288
Noncash investing and financing activities    
Stock issued for convertible notes payable and accrued interest 232,535 0
Supplementary Cash Flow Information:    
Interest paid in cash 66,850 0
Taxes paid in cash $ 0 $ 0