v3.19.1
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (1,703,607) $ (870,230)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,625 1,149
Loss on debt extinguishment 25,000
Amortization of debt discount 199,162 123,119
Loss on derivative liability 710,159
Loss on exchange of preferred stock 70,350
Excess fair market value of common stock over liabilities settled 196,713
Accounts receivable 6,651  
Prepaid expenses (24,050) (38,203)
Inventory (3,280) 5,160
Other current assets 106,405
Due to related party
Accounts payable and accrued liabilities 191,404 (242,475)
Net Cash Used in Operating Activities (244,468) (515,006)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (5,468) (381)
Cash received from acquisition 12,924
Cash paid for acquisition (79,937)  
Software development (124,957) (53,944)
Net Cash Used in Investing Activities (197,438) (54,325)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds (payments) to stockholders 30,347 29,722
Repayment to stockholders (16,931)
Proceeds from convertible notes payable 377,740 245,000
Issuance on Series B Preferred stock 266,000
Cash paid for capital raise (6,000)
Net Cash Provided by Financing Activities 408,087 517,791
Effect of Exchange Rate Changes on Cash and Cash Equivalents 634 (1,639)
Net decrease in cash and cash equivalents (33,185) (53,179)
Cash and cash equivalents, beginning of period 37,721 100,264
Cash and cash equivalents, end of period 4,536 47,085
Supplemental cash flow information    
Cash paid for interest
Cash paid for taxes
Non-cash investing and financing transactions:    
Conversion of convertible notes payable, accrued interest and derivative 400,965
Discounts on convertible notes payable due to derivatives 452,528
Conversion of preferred stock in common stock 197,021
Reduction of APIC related to derivatives on preferred stock 850,695
Exchange of preferred stock for different series 622,500  
Common Stock to be issued recognized as debt discount 25,000
Common stock issued in conjunction with convertible notes $ 92,646