v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (11,365,832) $ (1,703,607)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 119,266 5,625
Stock based compensation
Amortization of debt discount 199,162
Gain/loss on derivative liability and additional interest expense recorded on issuance 10,516,922 710,159
Increase in notes payable and Series D-2 for defaults 121,167
Excess fair market value of common shares over liabilities settled 196,713
Accrual of dividends on preferred stock 6,837
Loss on exchange and issuance of preferred stock 28,238 70,350
Right of use lease 42,177
Accounts receivable 120,878 6,651
Prepaid Expenses (24,050)
Inventory 85,632 (3,280)
Other current assets 106,405
Accounts payable and accrued liabilities 342,554 191,404
Net Cash Provided By (Used in) Operating Activities 17,839 (244,468)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 973 (5,468)
Cash received from acquisition 12,924
Cash paid on acquisition (79,937)
Software development costs (124,957)
Security deposit (132,319)
Net Cash Used in Investing Activities (131,346) (197,438)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds (repayments) from stockholders (675) 30,347
Proceeds from convertible notes payable 64,000 377,740
Proceeds from Series B Preferred Stock 53,000
Repayments of related party notes payable (15,000)
Proceeds from merchant financing
Payments on merchant financing (59,348)
Proceeds from bank loans 13,853
Net Cash Provided by Financing Activities 51,829 408,087
Effect of Exchange Rate Changes on Cash and Cash Equivalents 634
Net decrease in cash and cash equivalents (61,678) (33,819)
Cash and cash equivalents, beginning of period 118,860 37,721
Cash and cash equivalents, end of period 57,182 4,536
Supplemental cash flow information    
Cash paid for interest
Cash paid for taxes
Non-cash transactions:    
Discounts on convertible notes payable 12,350 452,528
Conversions of convertible notes payable, accrued interest and derivatives 66,101 400,965
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 10,898
Exchange of preferred stock for different series $ 622,500