XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (4,657,894) $ (976,063)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Amortization of debt discount and deferred finance costs 1,148,305  
Amortization of intangible assets 81,701 12,841  
Stock-based compensation 2,147,591 268,259  
Depreciation on development equipment 9,329  
Issuance of common shares for settlement of accounts payable to related party 238,090  
Issuance of common stock in lieu of cash for services   418,136  
Change in fair value of derivative 736,298  
Loss on debt conversion 124,598  
Changes in operating assets and liabilities:      
Prepaid expenses & other current assets 100,321 33,140  
Accounts payable and accrued expenses 179,881 (112,398)  
Accounts payable to related party 161,344  
Net cash provided by (used in) operating activities 31,473 (117,995)  
Cash flows from financing activities:      
Proceeds from sales of common stock 83,000  
Net proceeds from convertible notes payable, related party 70,000 32,000  
Net cash provided by financing activities 70,000 115,000  
Net increase (decrease) in cash 101,473 (2,995)  
Cash - beginning of period 81,964 3,478 $ 3,478
Cash - end of period 183,437 483 $ 81,964
Non cash investing and financing activities:      
Common shares issued upon conversion of debt $ 721,064