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v3.8.0.1

Consolidated Statement of Cash Flows - USD ($) | 9 Months Ended
--- | ---
Sep. 30, 2017 | Sep. 30, 2016
Cash flows from operating activities: |  |
Net loss | $ (4,371,491) | $ (1,489,449)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Change in fair value of conversion feature | (6,939) | 0
Stock based compensation | 1,357,510 | 935,058
Depreciation and amortization | 233,990 | 0
Changes in operating assets and liabilities: |  |
Prepayments and other current assets | 19,322 | (5,222)
Accounts receivable | (3,482) | 0
Deferred costs | (15,986) | 0
Accounts payable | (102,793) | 30,600
Deferred revenue | 31,634 | 0
Accrued expenses | 203,271 | 36,992
Net cash used in operating activities | (2,654,964) | (492,021)
Cash flows from investing activities: |  |
Website development costs and fixed assets | (1,513,813) | 0
Net cash used in investing activities | (1,513,813) | 0
Cash flows from financing activities: |  |
Proceeds from common stock to be issued in private placement | 1,750,000 | 0
Proceeds from notes payable | 0 | 638,351
Net proceeds from issuance of common stock | 3,519,544 | 2,952
Net cash provided by financing activities | 5,269,544 | 641,303
Net increase in cash | 1,100,767 | 149,282
Cash at beginning of period | 598,294 | 0
Cash at end of period | 1,699,061 | 149,282
Supplemental disclosures of noncash investing and financing activities: |  |
Reclassification of stock-based compensation to website development costs | 688,302 | 0
Accrual of stock issuance costs | 184,000 | 0
Shares issued for investment banking fees | $ 200,880 | $ 0

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