v3.21.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (10,610,550) $ (10,414,441)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 195,422 11,122
Stock based compensation
Amortization of debt discount 441,950
Gain/loss on derivative liability and additional interest expense recorded on issuance 9,011,680 968,579
Increase in notes payable and Series D-2 for defaults 224,553 1,545,174
Excess fair market value of common shares over liabilities settled 101,952 196,711
Impairment of software development cost 513,601
Accrual of dividends on preferred stock 13,673 666,626
Loss on exchange and issuance of preferred stock
Right of use lease 4,370
Accounts receivable 120,894 (12,833)
Prepaid Expenses (3,500) (3,236)
Inventory 85,632 (6,777)
Security deposit 793
Other current assets 76,757 107,294
Accounts payable and accrued liabilities 564,955 510,825
Net Cash Provided By (Used in) Operating Activities (214,162) (335,429)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 399 (18,457)
Cash received from acquisition 12,924
Cash paid on acquisition (79,937)
Software development costs (142,483)
Security deposit 133,319
Net Cash Used in Investing Activities (132,920) (227,953)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds (repayments) from stockholders (464)  
Proceeds from convertible notes payable 60,000 427,740
Proceeds from Series B Preferred Stock 135,136
Repayments of related party notes payable (15,000)
Proceeds from merchant financing
Payments on merchant financing (60,217)
Proceeds from SBA and PPP loans 294,882  
Proceeds from bank loans 16,687
Net Cash Provided by Financing Activities 295,887 562,876
Effect of Exchange Rate Changes on Cash and Cash Equivalents 959 (11,419)
Net decrease in cash and cash equivalents (51,195) (506)
Cash and cash equivalents, beginning of period 118,860 37,721
Cash and cash equivalents, end of period 67,665 25,796
Supplemental cash flow information    
Cash paid for interest  
Cash paid for taxes  
Non-cash transactions:    
Discounts on convertible notes payable 9,739 452,528
Conversions of convertible notes payable, accrued interest and derivatives 100,614 969,411
Conversion of preferred stock in common stock 30,997 758,352
Reduction of APIC related to derivative recorded on Preferred Stock in equity 850,695
Conversions of Series B and D-2 preferred stock into common stock 539,157
Exchange of preferred stock for different series 1,145,938
Issuance of Series D-2 for accounts payable $ 200,000