v3.21.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (4,430,486) $ (15,490,614)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 264,678 16,095
Stock based compensation 63,000
Amortization of debt discount 674,210
Gain/loss on derivative liability and additional interest expense recorded on issuance 2,323,080 11,199,339
Increase in notes payable and Series D-2 for defaults 355,684 1,687,528
Excess fair market value of common shares over liabilities settled 123,375 196,711
Impairment of software development cost 513,601
Relief of notes payable and other liabilities through rescindment of Emotion acquisition (163,805)
Accrual of dividends on preferred stock 20,661
Loss on exchange and issuance of preferred stock 674,644
Right of use lease 3,290
Accounts receivable 108,616 (11,363)
Prepaid Expenses (4,405) (2,716)
Inventory 42,737 23,140
Security deposit 793
Other current assets (115,136) 108,600
Accounts payable and accrued liabilities 692,210 115,724
Net Cash Provided By (Used in) Operating Activities (385,424) (395,111)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 400 (16,146)
Cash received from acquisition 12,924
Cash paid on acquisition (79,937)
Software development costs (142,483)
Security deposit (175,426) 5,519
Net Cash Used in Investing Activities (175,026) (220,123)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds (repayments) from stockholders (235) 52,646
Proceeds from convertible notes payable 60,000 527,740
Proceeds from Preferred Stock 10,000
Proceeds from notes payable 31,000
Repayments of related party notes payable (15,000)
Proceeds from SBA and PPP loan 485,782
Proceeds from merchant financing
Payments on merchant financing (62,817)
Proceeds from bank loans 16,687
Net Cash Provided by Financing Activities 484,416 621,386
Effect of Exchange Rate Changes on Cash and Cash Equivalents 962 (3,615)
Net decrease in cash and cash equivalents (76,034) 6,152
Cash and cash equivalents, beginning of period 118,860 37,721
Cash and cash equivalents, end of period 42,826 40,258
Supplemental cash flow information    
Cash paid for interest
Cash paid for taxes
Non-cash transactions:    
Discounts on convertible notes payable 7,099 452,528
Conversions of convertible notes payable, accrued interest and derivatives 106,833 1,020,790
Conversion of preferred stock in common stock 38,799 758,352
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 509,157
Exchange of preferred stock for different series 1,145,938
Issuance of Series A for liabilities 431,338
Issuance of Series D-2 for accounts payable $ 200,000