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v3.8.0.1

Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Cash flows from operating activities: |  |
Net loss | $ (3,571,929) | $ (1,004,828)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Stock based compensation | 1,350,892 | 286,149
Depreciation and amortization | 355,142 | 881
Changes in operating assets and liabilities: |  |
Prepayments and other current assets | (378,506) | 5,716
Accounts receivable | (20,469) | 0
Deferred cost | (3,808) | 0
Accounts payable | 310,018 | 74,518
Deferred revenue | 5,711 | 0
Accrued expenses | 163,891 | 102,093
Net cash used in operating activities | (1,789,058) | (535,471)
Cash flows from investing activities: |  |
Note receivable | (1,000,000) | 0
Website development costs and other fixed assets | (561,009) | (432,419)
Net cash used in investing activities | (1,561,009) | (432,419)
Cash flows from financing activities: |  |
Proceeds from private placement of common stock | 1,250,000 | 3,483,935
Net cash provided by financing activities | 1,250,000 | 3,483,935
Net increase (decrease) in cash and restricted cash | (2,100,067) | 2,516,045
Cash and restricted cash at beginning of period | 3,619,249 | 598,294
Cash and restricted cash at end of period | 1,519,182 | 3,114,339
Supplemental disclosures of noncash investing and financing activities: |  |
Capitalization of stock-based compensation to website development costs | 907,978 | 212,156
Accrual of stock issuance costs | 381,895 | 363,219
Reclassification of Investor note payable to Common stock to be issued | $ 3,000,000 | $ 0

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